Question: Question 23) (4 Points) Consider a bond with a coupon rate of 7% with semi-annual payments. The par value (face value) is $1,000, and the

Question 23) (4 Points) Consider a bond with a coupon rate of 7% with semi-annual payments. The par value (face value) is $1,000, and the bond has 7 vears to Maturity. The Bond offers a Yield to maturity of 8.5%. What is the value of the bond now? Number of Years Yield to Maturity Coupon Rate Frequency Face Value 7.00% $1,000.00 Bond Price Now

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