9. The River Corp. issues a bond with a par value of $1,000. The bond will mature in 10 years and has a coupon rate of 5

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answerhappygod
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9. The River Corp. issues a bond with a par value of $1,000. The bond will mature in 10 years and has a coupon rate of 5

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9. The River Corp. issues a bond with a par value of $1,000. The
bond will mature in 10 years and has a
coupon rate of 5% paid annually. If the yield to maturity is 8%,
what is the current price of the bond? Please answer with the
formula and excel.
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