Question: ct Question 6 A General Power bond with a face value of $1,000 carries a coupon rate of 9.8%, has 9 years until maturity, and

ct Question 6 A General Power bond with a face value of $1,000 carries a coupon rate of 9.8%, has 9 years until maturity, and sells at a yield to maturity of 8.8%. (Assume annual interest payments.) At what price does the bond sell? $980 $1000 $1060.44 0/0.3 pts $1040.44

A General Power bond with a face value of $1,000 carries a coupon rate of 9.8%, has 9 years until maturity, and sells at a yield to maturity of 8.8%. (Assume annual interest payments.) At what price does the bond sell? $980 $1000 $1060.44 $1040.44 A General Power bond with a face value of $1,000 carries a coupon rate of 9.8%, has 9 years until maturity, and sells at a yield to maturity of 8.8%. (Assume annual interest payments.) At what price does the bond sell? $980 $1000 $1060.44 $1040.44

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