Question: Consider a bond which pays 7% semi-annually and has 8 years to maturity. The market requires an interest rate of 8% on bonds of this

Consider a bond which pays 7% semi-annually and has 8 years

Consider a bond which pays 7% semi-annually and has 8 years to maturity. The market requires an interest rate of 8% on bonds of this risk. What is this bond's price? 4 Multiple Choice 1 points eBook Print References $942.50 $911.52 $941.74 $1064.81

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