A $1,000 face value bond currently has a yield to maturity of 7.00. The bond...
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Finance
A $1,000 face value bond currently has a yield to maturity of 7.00. The bond matures in 3 years and pays interest annually. The coupon rate is 7 percent. What is the current price of this bond?
Can someone explain to me how to get this with the correct answer?
I don't know how to use a financial calculator.
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