Question: A bond with a $1,000 face value and a coupon rate of 7.00% has 30 years left until maturity. The bond makes semi-annual coupon payments

A bond with a $1,000 face value and a coupon rate of 7.00% has 30 years left until maturity. The bond makes semi-annual coupon payments and the yield to maturity is 9.00%, compounded semi-annually. What will the bond sell for (rounded to the nearest dollar)?

$794

$814

$839

$1,000

$1,248

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