Question: Mr. Bond is considering purchasing a bond with 10-year maturity and $1,000 face value. The coupon interest rate is 8% and the interest is paid

Mr. Bond is considering purchasing a bond with 10-year maturity and $1,000 face value. The coupon interest rate is 8% and the interest is paid annually. If Mr. Bond requires 11% yield to maturity (YTM) on the investment, then the price of the bond is:

	$877.11
	$773.99
	$1,122.87
	$823.32

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