What is the market price of face value bond

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Question - Chocolate and Rum, Inc. offers a 7% coupon bond with semiannual payments and a yield to maturity of 8%. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?

Reference no: EM132182384

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What is the market price of face value bond : Chocolate and Rum, Inc. offers a 7% coupon bond with semiannual payments and a yield to maturity of 8%. What is the market price of a $1,000 face value bond

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