Question: A bond maturing in 7 years has a yield to maturity of 3.4%, an annual coupon rate of 4% paid biannually, and a face value

A bond maturing in 7 years has a yield to maturity of 3.4%, an annual coupon rate of 4% paid biannually, and a face value of $10,000. What is the value today?

A. 9,937.77

B. 10,998.32

C. 9,818.10

D. 9,735.42

E. 10,370.97

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