In: Finance
A bond with 15 years to maturity is paying 6% coupons semi-annually, and the last coupon has just been paid. The face value is $1,000 and the yield to maturity is 8% p.a. What is the price today closest to: A) $827.08 B) $932.95 C) $1,000.00 D) $1,324.32 E) None of the above