Question: A bond has $2,000 face value, 26.5 years to maturity, and 5.6% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is

A bond has $2,000 face value, 26.5 years to maturity, and

A bond has $2,000 face value, 26.5 years to maturity, and 5.6% annual coupon rate with coupons paid semiannually. The yield to maturity (YTM) is 6.02\%. What is this bond's market price? Assume the interest rate compounds semiannually. $1,152.40 $1,889.44 $1,924.05 $1,956.24

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