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You want to buy a corporate bond for your portfolio. Assume it is the same as every bond we have discussed in class! The annual

You want to buy a corporate bond for your portfolio. Assume it is the same as every bond we have discussed in class! The annual coupon rate is 5%. It has been four years since it was issued. You require a 7.0742% yield to maturity.

What is the par value of the bond?
What is the price the bond would currently be trading at?

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