Question: TKF Inc issued a twenty - year bond with a 4 % coupon rate ( paid twice per year ) . Bondholders have a yield

TKF Inc issued a twenty-year bond with a 4% coupon rate (paid twice per year). Bondholders have a yield to maturity of 4.8%. If the face value is equal to 1,000, the price of this bond is closest to:
Multiple choice question.
$920
$950
$859
$898

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