Question: Two years ago, Apple Inc. issued 1 2 - year bonds at a coupon rate of 8 percent. If the bonds make semiannual payments, have

Two years ago, Apple Inc. issued 12-year bonds at a coupon rate of 8 percent. If the bonds make semiannual payments, have a par value of $1,000, and the YTM on these bonds is 6 percent, what is the current bond price?
Multiple Choice
$996.84
$1,253.19
$1,148.77
$1,169.36
$1,118.06
 Two years ago, Apple Inc. issued 12-year bonds at a coupon

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