Question: Based on the following information for Ull bonds: Par value: $ 1 , 0 0 0 Years to maturity: 1 5 years Coupon rate: 8

Based on the following information for Ull bonds:
Par value: $1,000
Years to maturity: 15 years
Coupon rate: 8% paid semiannually
Current interest rate: 8%
What is the expected price of the bond?
Select one:
a.1,005
b.990
c.995
d.1,000
 Based on the following information for Ull bonds: Par value: $1,000

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