Question: Please answer the following question. Question 11 (1 point) A bond has a yield to maturity of 9.38 percent (APR, compounded semi-annually), a 7.5 percent

Please answer the following question.

Question 11 (1 point) A bond has a yield to maturity of 9.38 percent (APR, compounded semi-annually), a 7.5 percent annual coupon, a $1,000 face value, and a maturity date 21 years from today. What is the price of the bond? The coupons are paid semi-annually. $828.81 $1013.67 $856.11 Cannot be determined

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