Calculate the current price of the bond

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Reference no: EM131794628

Question: A $1,000 face value bond currently has a yield to maturity of 8.21 percent. The bond matures in 11 years and pays interest annually. The coupon rate is 6 percent. What is the current price of this bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131794628

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