Question: a bond with a $1000 face value and an 8 percent annual coupon pays interest semiannually. the bond will mature in 15 years. the yield

a bond with a $1000 face value and an 8 percent annual coupon pays interest semiannually. the bond will mature in 15 years. the yield to maturity is 11 percent. what is the price of the bond today?

A. $1,000

B. $739.19

C. $784.27

D. $781.99

E. $1,259.38

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