Question: What would the current price be for a 20-year, 7% coupon semiannual bond purchased 8 years ago if comparable bonds currently offer YTMs around 6%?

What would the current price be for a 20-year, 7% coupon semiannual bond purchased 8 years ago if comparable bonds currently offer YTMs around 6%?

  • 1,114.70
  • 790.40
  • 1,084.68
  • 1,115.57

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