Investor g smith owns a 5-year 1000 bond with a 5 coupon if


Investor G. Smith owns a 5-year, $1000 bond with a 5% coupon. If the yield to maturity on similar bonds is currently 10%, what is Mr. Smith bond worth today ?

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Finance Basics: Investor g smith owns a 5-year 1000 bond with a 5 coupon if
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