Question: How do I solve using calculator (not excel). How do I solve manually? 9) A $1,000 face value bond currently has a yield to maturity

How do I solve using calculator (not excel). How do I solve manually?

9) A $1,000 face value bond currently has a yield to maturity of 6.03 percent. The bond matures in thirteen years and pays interest semiannually. The coupon rate is 6.25 percent. What is the current price of this bond? used to A) $987.42 B) $980.02 C) $1,000.00 D) $1,019.63 E) $1,011.69 find the payment

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