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Write the answer with formula, thanks 3. A 1,000 face value Fixed Rate has 15 years to maturity and pays a coupon rate of 2%

image text in transcribed Write the answer with formula, thanks

3. A 1,000 face value Fixed Rate has 15 years to maturity and pays a coupon rate of 2% annually. If the current market yield is 4% annually what is the Price of the Bond. Bond Price =$777.63

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