How much would an investor expect to pay for a $1,000 par value bond with a 9 percent annual coupon that matures in 5 years if the interest rate is 7 percent?

Name: How much would an investor expect to pay for a $1,000 par value bond with a 9 percent annual coupon that matures in 5 years if the interest rate is 7 percent?
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The Answer of How much would an investor expect to pay for a $1,000 par value bond with a 9 percent annual coupon that matures in 5 years if the interest rate is 7 percent?

How Much Would an Investor Expect to Pay for a $1,000