Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 6.69 percent?
A) $999.80
B) $999.85
C) $1,003.42
D) $1,004.47
E) $1,007.52
Correct Answer:
Verified
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