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Your client purchased a corporate bond that had a 10% coupon rate (paid annually), a $1,000 par value, and had 3 years until maturity. Your
Your client purchased a corporate bond that had a 10% coupon rate (paid annually), a $1,000 par value, and had 3 years until maturity. Your client sold the bond at the end of Year 3 for $1020. Your client had a realized rate of return on the investment of 15%. Calculate the current market price of the bond.
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