Question: A bond has $1,000 face value, 20 years to maturity, and 2.6% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is

A bond has $1,000 face value, 20 years to maturity, and 2.6% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is 2.36%. What is this bond's market price? Assume the interest rate compounds semiannually. $967.35 $982.64 $1,031,42 $1,038.09

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