Question: A bond has $1,000 face value, 23 years to maturity, and 5.8% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is

A bond has $1,000 face value, 23 years to maturity, and 5.8% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is 5.4%. What is this bond's market price? Assume the interest rate compounds annually. $1,051.97 $1,033.94$1,052.33 $982.25

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