Calculate present value of first coupon payment

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As an investor, you want to hold a bond with $1000 par value that pays 8% coupon semi-annually(180days). however, you miss the bond's auction day due to lack of cash at hand but now you have the cash to invest. Suppose there are 90 days left between the settlement data and next coupon payment and the current yield to maturity is 9%. Please show how to calculate the present value of the first coupon payment that you will receive (90 days from now)

Reference no: EM131251430

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