Question: Please solve using Excel formulas A 5.5 percent $1,000 bond matures in 7 years, pays interest semiannually, and has a yield to maturity of 6.23

Please solve using Excel formulas

A 5.5 percent $1,000 bond matures in 7 years, pays interest semiannually, and has a yield to maturity of 6.23 percent. What is the current market price of the bond? $959.09 $947.21 $945.08 $959.60 $962.40

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