Question: A $1,000 par value bond, paying $50 semiannually, with an 8 percent yield to maturity and five years remaining to maturity should sell for a.

A $1,000 par value bond, paying $50 semiannually, with an 8 percent yield to maturity and five years remaining to maturity should sell for

a.

$1,000.00.

b.

$1,081.11.

c.

$798.70.

d.

$880.22.

e.

none of the above.

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