Question: A $1,000 face value bond currently has a yield to maturity of 8 percent. The bond matures in 5 years and pays interest annually. The

A $1,000 face value bond currently has a yield to maturity of 8 percent. The bond matures in 5 years and pays interest annually. The coupon rate is 10 percent. What is the current price of this bond? $924 $713 $1,080

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