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Your client purchased a corporate bond that had a 5% coupon rate (paid annually), a 1,000 par value, and 4 years until maturity. Your client
Your client purchased a corporate bond that had a 5% coupon rate (paid annually), a 1,000 par value, and 4 years until maturity. Your client sold the bond at the end of year 4 for 1,200. Your client had a realized rate of return on investment of 12%. Calculate the current market price of the bond.
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