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Find what is the market price of the bond

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Question 1: Amalgmated Realty Inc. offers a 8.5 percent coupon bond with annual payments. The yield to maturity is 10.2 percent and the maturity date is 9 years from today. What is the market price of this bond if the face value is $1,000? (Use the Present Value formula)

Reference no: EM132495385

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