Question: Question 25 (2 points) A 12-year, $1,000 face value bond has a 9% annual coupon, and a yield to maturity of 8%. What is the
Question 25 (2 points) A 12-year, $1,000 face value bond has a 9% annual coupon, and a yield to maturity of 8%. What is the price of the bond? a) $1,469 Ob) $1,075 Oc) $1,000 Od) $ 928 e) $1,957
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