Question: A five-year bond has a $1,000 par value bond, a 12 percent coupon, and a yield to maturity of 8 percent. Interest is paid semiannually.

A five-year bond has a $1,000 par value bond, a 12 percent coupon, and a yield to maturity of 8 percent. Interest is paid semiannually. The bond's price is 5864.65. $1081.78 852.80 $1162.22 $1785.35

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