The homework question is for Financial management. Ghayth Hilal purchases a $5,000, 7%, 10-year coupon bond that pay interest annually at a price to give a 6% yield to maturity. Calculate the purchase price of the bond.

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And for time value of money questions, it's always very useful to know if you're using charts, a financial calculator, algebraic equations, etc. There's different ways to solve these.