Question: Close Window A Moving to another question will save this response. Question 24 of 34 10 points Save Answer A 30-year maturity mortgage-backed bond is

Close Window A Moving to another question will save this response. Question 24 of 34 10 points Save Answer A 30-year maturity mortgage-backed bond is issued. The bond has a par value of $1,000 and promises to pay a 9 percent coupon, on a semi-annual basis. At the issue date, bond market investors require a 8.1 percent interest rate (yield to maturity) on the bond. What is the initial price on the bond (rounded to $177 Ch 19 $941 $1,101 $1,029 $1,043 d. $1,000,000 e

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