Question: I NEED CORRECT ANSWER AND ASAP!!! iM GIVING YOU GOOD CREDIT A bond has 5 years to maturity and has a YTM of 8%. Its

I NEED CORRECT ANSWER AND ASAP!!! iM GIVING YOU GOOD CREDIT

A bond has 5 years to maturity and has a YTM of 8%. Its par value is $1,000. Its semiannual coupons are $50. What is the bonds current market price? (Show workings)

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