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QUESTION
ABC Motors' bonds have 8 years remaining to maturity. Interest is paid semi-annually, they have a $1,000 par value, the coupon interest rat is 7%,...
ABC Motors' bonds have 8 years remaining to maturity. Interest is paid semi-annually, they have a $1,000 par value, the coupon interest rat is 7%, and the yield to maturity is 5%. What's the bond current price?
