Question: A bond with a $1,000 par value has a 4.6% coupon with semi-annual interest payments. The bond has 25 years to maturity. If the yield

A bond with a $1,000 par value has a 4.6% coupon with semi-annual interest payments. The bond has 25 years to maturity. If the yield to maturity is 5.8%, what is the present value of the bond? $842.65 $1,299.35 $843.64 $894.35 $1,177.19

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