a bond with a face value of $1000 pays a 7% apr annual coupon and matures in 10 years. similar bonds trade at a yeild to maturity of 8%
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AAA Corp has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond filing says that the stated coupon rate for this bond is 4% and the coupon payments are to be made annually. Assuming the appropriate YTM on the AAA bond is 7.5%, then this bond will trade at
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