Question: A bond whose interest rate compounds monthly has a $1,000 face value, 11 years to maturity, and 8.4% annual coupon rate. Assuming the yield to

A bond whose interest rate compounds monthly has a $1,000 face

A bond whose interest rate compounds monthly has a $1,000 face value, 11 years to maturity, and 8.4% annual coupon rate. Assuming the yield to maturity (YTM) of 8.6%, what is the bond's current market price? O $985.80 O $987.89 O $986.13 $ $985.95

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