Question: please answer this question typed not handwritten Homework: Lab 6 Save Score: 0 of 1 pt 5 of 15 (10 complete) HW Score: 55%, 8.25

please answer this question typed not handwritten

Homework: Lab 6 Save Score: 0 of 1 pt 5 of 15 (10 complete) HW Score: 55%, 8.25 of 15 pts Problem 6-9 Question Help The yield to maturity of a $1,000 bond with a 7.2% coupon rate, semi-annual coupons, and two years to maturity is 8.8% APR, compounded semi-annually. What must its price be? The price of the bond is $(. (Round to the nearest cent.)

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