Question: How much should you be prepared to pay for a 10-year bond with a 6% coupon, semiannual payments, and a yield to maturity of 7%?

How much should you be prepared to pay for a 10-year bond with a 6% coupon, semiannual payments, and a yield to maturity of 7%?

$576.23

$894.05

$928.94

$1,355.31

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