Grand Adventure Properties offers a 8 percent coupon bond with annual payments. The yield to maturity is 6.85 percent and the maturity date is 7 years from today. What is the market price of this bond if the face value is $1,000?

Grand Adventure Properties offers a 8 percent coupon bond with annual payments. The yield to maturity is 6.85 percent and the maturity date is7 years from today. What is the market price of this…

 

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