Question: A bond has a 1 , 0 0 0 par value , nine years to maturity, and pays a coupon of 7 . 5 %

A bond has a 1,000 par value , nine years to maturity, and pays a coupon of 7.5% per year , semiannually. If the bonds yield to maturity is 6.8% per year, what is its value? A.1,042.53 B.1046.55 C.1035.48 D.1,008.74 E.1,039.53

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