Question: which is correct? Alpha Airlines Inc. has a bond outstanding with a face value of $1,000 that reaches maturity in ten years. The bond has

which is correct? Alpha Airlines Inc. has a bond outstanding with a which is correct?

Alpha Airlines Inc. has a bond outstanding with a face value of $1,000 that reaches maturity in ten years. The bond has a coupon rate of 8.0%. Coupons are paid semiannually. Based on a YTM of 11.1%, the price of this bond will be closest to O $1,063 O $979 O $816 $652

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