What is the current price of the bond

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A bond has a maturity date of 4 years, an annual coupon rate of 10% and an annual yield of 14%. If the coupon payments are monthly, what is the current price of the bond? Round your answer to the nearest dollar; do not include the $ sign (i.e., if the answer is $987.5432, enter it as 987).

Reference no: EM132523582

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