Question: Suppose a 20-year, $1000 par value bond with a 4% coupon rate and semi-annual coupons is trading with a yield to maturity of 5%. What

Suppose a 20-year, $1000 par value bond with a 4% coupon rate and semi-annual coupons is trading with a yield to maturity of 5%. What is the price of this bond today? (rounded to 2 decimals) a) $536.37 b) $845.46 c) $846.28 d) $1173.80

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