A bond has a par value of $1,000, a coupon rate of 12%, semiannual coupon payments, and 10 years to maturity. The yield

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A bond has a par value of $1,000, a coupon rate of 12%, semiannual coupon payments, and 10 years to maturity. The yield

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A Bond Has A Par Value Of 1 000 A Coupon Rate Of 12 Semiannual Coupon Payments And 10 Years To Maturity The Yield 1
A Bond Has A Par Value Of 1 000 A Coupon Rate Of 12 Semiannual Coupon Payments And 10 Years To Maturity The Yield 1 (7.66 KiB) Viewed 12 times
A bond has a par value of $1,000, a coupon rate of 12%, semiannual coupon payments, and 10 years to maturity. The yield on similar bonds is 8%. What is the current market value of this bond? (Round your answer to two decimal places.)
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