Question: A $1,000 face value bond currently has a yield to maturity of 6.03 percent. The bond matures in thirteen years and pays interest annually. The

A $1,000 face value bond currently has a yield to maturity

A $1,000 face value bond currently has a yield to maturity of 6.03 percent. The bond matures in thirteen years and pays interest annually. The coupon rate is 6.25 percent. What is the current price of this bond? a. $980.81 b. $1,005.26 c. $1,019.44 d. $987.42 e. $1,000 A $1,000 face value bond currently has a yield to maturity of 6.03 percent. The bond matures in thirteen years and pays interest annually. The coupon rate is 6.25 percent. What is the current price of this bond? a. $980.81 b. $1,005.26 c. $1,019.44 d. $987.42 e. $1,000

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