You recently bought a $1,000 par value corporate bond with a 6 percent annual coupon rate and a 10 year...
tht69l2You recently bought a $1,000 par value corporate bond with a 6 percent annual coupon rate and a 10 year maturity date. When you bought the bond, it had an expected yield to maturity of 8 percent. Today the bond sells for $1,060. Calculate the value of the bond.
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