Question: A bond has 12 years remaining until maturity and has a coupon rate of 8%.The coupons are paid semi-annually.If the YTM is 6.5%, what is

A bond has 12 years remaining until maturity and has a coupon rate of 8%.The coupons are paid semi-annually.If the YTM is 6.5%, what is price of the bond?

$1,041.76

$1,190.40

$1,241.89

$1,123.66

Please explain how?

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A bond has 12 years remaining until maturity and has a coupon rate of 8%. The coupons are paid semi-annually. If the YTM is 6,5%, what is price of the bond? $1,190.40 $1,041.76 $1.241.89 $1,123.66

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