Question: Use the information for the question(s) below. Consider a default-free bond with a $1000 face value, 6% coupon rate (annualized percentage rate) with quarterly coupon

Use the information for the question(s) below. Consider a default-free bond

Use the information for the question(s) below. Consider a default-free bond with a $1000 face value, 6\% coupon rate (annualized percentage rate) with quarterly coupon payments, 8 years until maturity, and a yield to maturity of 8% (annualized simple interest rate with quarterly compounding). The price for this bond is closest to: $883 $950 $982 None of the other answers are correct. $1,939

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