Multiple Choice
A bond has 7 years to maturity, an 8% coupon, a $1,000 face value, and pays interest semiannually. What is the bond's current price if the yield to maturity is 7.32%?
A) $964.09
B) $1,000.00
C) $1,005.46
D) $1,036.24
E) $1,036.73
Correct Answer:
Verified
Correct Answer:
Verified
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