Question: A bond maturing in 3 years has yield to maturity of 8%. If coupon rate is 5% and the face value is $1000, what should

A bond maturing in 3 years has yield to maturity of 8%. If coupon rate is 5% and the face value is $1000, what should be the price of this bond?
  • A. $911.30
  • B. $922.69
  • C. $1,081.70
  • D. $1,350.80

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