What is current price of bond

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Even though most corporate bonds in the united states make payments semiannually, bonds issued elsewhere often have annual coupon payments. suppose a german company has a bond outstanding with par value of 1,000, 10 yeqars to maturity, and a coupon rate 0f 7.2 percent paid annually. if the yield to maturity is 8.3 percent, what is the current price of the bond?

Reference no: EM131950612

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