Question: A bond has $1,000 face value, 25 years to maturity, and 4.2% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is

A bond has $1,000 face value, 25 years to maturity, and 4.2% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is 4.6%. What is this bond's market price? Assume the interest rate compounds annually. $940.93 $956.24 $982.49 $941.29

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