"An investor just purchased a 5-year $1,000 par value bond. The coupon rate on this...
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"An investor just purchased a 5-year $1,000 par value bond. The coupon rate on this bond is 10% annually, with interest paid every year. If the investor expects to earn 12% simple rate of return, how much the investor should pay for it?"
Please explain the process thoroughly.
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You can see the logs in the Dashboard.