Question: A bond was just issued with a $1,000 face value and a coupon rate of 9%. If the bond has a life of 10 years,

A bond was just issued with a $1,000 face value and

A bond was just issued with a $1,000 face value and a coupon rate of 9%. If the bond has a life of 10 years, pays annual coupons, and the YTM is 7.5%, what will the bond sell for? $903.74 $1,000.00 $1,009.21 $1,027.33 $1,102.96

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