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Yirology Ltd bonds were issued 10 years ago with a coupon rate of 5% and a face value of $1000. Under current market conditions, the
Yirology Ltd bonds were issued 10 years ago with a coupon rate of 5% and a face value of $1000. Under current market conditions, the market yield for these Yirology Ltd is 5.9%. There are currently exactly 7 years remaining until these bonds mature. Coupons are paid semi annually and all the interest rates are quoted as APRs with semi annual compounding. What are the Virology Ltd bonds worth today? show workings
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