A 1000 face value bond currently has a yield to maturity of, Finance Basics

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A 1000 face value bond currently has a yield to maturity of

Question: A $1,000 face value bond currently has a yield to maturity of 8.21 percent. The bond matures in 11 years and pays interest annually. The coupon rate is 6 percent. What is the current price of this bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A 1000 face value bond currently has a yield to maturity of

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