Question: A bond maturing in 30 years has yield to maturity of 8%. If coupon rate is 5% and the face value is $1000, what should

A bond maturing in 30 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. $662.27
  • B. $768.90
  • C. $1,238.09
  • D. $1,461.17

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