A bond matures in 8 years, Par value = $1,000, and coupon annual interest payment =...

A bond matures in 8 years, Par value = $1,000, and coupon annual interest payment = $65. Yield to maturity of this bond is 8.2% (yield, or annual return). What is the bond's price?

a. $903.04

b. $925.26

c. $948.67

d. $972.84

Expert Solution

jeff jeffy answered 2 years ago

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