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What should be the price of a bond that has a par value of $ 1 0 0 0 and a 5 % annual coupon

What should be the price of a bond that has a par value of

1000

and a

5 %

annual coupon

rate, has

10

years to

maturity, and has a required annual return of

10 % ?

Assume the bond pays coupon annually.

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