Question: Chapter 6 - Q4: Please answer the following questions in the IMAGE below: The yield to maturity of a $1,000 bond with a 7.0% coupon

Chapter 6 - Q4: Please answer the following questions in the IMAGE below:

Chapter 6 - Q4: Please answer the following questions in the IMAGE

The yield to maturity of a $1,000 bond with a 7.0% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually. What is its price? The price of the bond is $ (Round to the nearest cent.)

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