Determine what is the current maket price of bond

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A bond has a face value of $100,000 and a cupon rate of 5 %. What is the current maket price of bond

if the market rate is 6.25% interest rate, the bond pays interest annually and matures in 8 yr

if the market rate is 6.25% interest rate, the bond pays interest semi-annually and matures in 8 yr

Reference no: EM13333357

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