GAT,Inc.has issued a $1,000 par 4% annual coupon bond that is to mature in 18 years.If your required rate of return is 6.5%,what price would you be willing to pay for the bond?

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The Answer of GAT,Inc.has issued a $1,000 par 4% annual coupon bond that is to mature in 18 years.If your required rate of return is 6.5%,what price would you be willing to pay for the bond?

GAT,IncHas Issued a $1,000 Par 4% Annual Coupon Bond That