XYZ Corporation will pay the $1,000 face value on their outstanding bonds in 2 years. The bond makes payments of $100 each year. The current bond yield is 12%. What is the market price of XYZ bonds?

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The Answer of XYZ Corporation will pay the $1,000 face value on their outstanding bonds in 2 years. The bond makes payments of $100 each year. The current bond yield is 12%. What is the market price of XYZ bonds?

XYZ Corporation Will Pay the $1,000 Face Value on Their