A 15-year bond, purchased 5 years ago, has a $1,000 par value bond, a 10% coupon and a yield to maturity of 12%. Interest is paid annually. The bond's price is

Name: A 15-year bond, purchased 5 years ago, has a $1,000 par value bond, a 10% coupon and a yield to maturity of 12%. Interest is paid annually. The bond's price is
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The Answer of A 15-year bond, purchased 5 years ago, has a $1,000 par value bond, a 10% coupon and a yield to maturity of 12%. Interest is paid annually. The bond's price is

A 15-Year Bond, Purchased 5 Years Ago, Has a $1,000