Question: A $1,000 face value bond currently has a yield to maturity of 9.4%. The bond matures in seven years and pays interest semiannually. The coupon

A $1,000 face value bond currently has a yield to maturity of 9.4%. The bond matures in seven years and pays interest semiannually. The coupon rate is 8%. What is the current price for this bond? (round to the closest cent).

		$929.36
		$930.47
		$1021.43
		$1036.72
		$918.47

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