Based on semi annual compounding, what would the price be of a 23 year, 10% coupon and $ 1000 par value bond that is currently yielding 9.25%?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 4MC
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Based on semi annual compounding, what would the price be of a 23 year, 10% coupon and $ 1000 par value bond that is currently yielding 9.25%?
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