Question: How much should you be prepared to pay for a 10-year bond with a 6 percent coupon (paying semi-annually) and a yield to maturity of

How much should you be prepared to pay for a 10-year bond with a 6 percent coupon (paying semi-annually) and a yield to maturity of 7 percent?

A) $411.64

B) $897.04

C) $588.36

D) $928.84

E) $1,000.00

Please explain how to solve using financial calculator not excel

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