Question: You have a 7 - year bond, with $ 1 , 0 0 0 face value, 7 . 0 0 % coupon rate, quarterly coupon

You have a 7-year bond, with $1,000 face value, 7.00% coupon rate, quarterly coupon payments, and yield to maturity of 4.50%. What is its price?
$1,149.40
$580.85
$114.94
$1,393.35
 You have a 7-year bond, with $1,000 face value, 7.00% coupon

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