Question: A bond with a $1,000 par value has a 4.6% coupon with semi-annual interest payments. The bond has 22 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 22 years to maturity. If the yield to maturity is 3.8%, what is the present value of the bond? $1,117.85 $1.118.56 $1,169.73 $681.76 $1,071.38

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