Question #11250189

How to solve this finance problem?

Currently company XYZ has a $1000 face value bond that matures in 10 years with an annual coupon rate of 6%. The bond is priced to yield 8% per year. What is the price of the bond? Input your answer without sign (no - or + signs) and without comma. Round to the nearest cent.

2013-10-21 10:10:49

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