Bond X is a ten-year semi-annual coupon bond, which was issued at par 7 years...
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Bond X is a ten-year semi-annual coupon bond, which was issued at par 7 years ago. The yield to maturity 7 years ago was 6%. How much does Bond X worth currently when the yield to maturity is 8% now. Face value = $1000, The current price of the bond is $ (Note: please retain at least 4 decimals in your calculations and at least 2 decimals in your final answer.)
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