A Treasury bond with a face value of $1,000 has yield-to-maturity of 6.8%, a time to maturity of 12 years and a coupon rate of 6.5%. What is the bond price?
A) $975.66
B) $975.92
C) $976.13
D) $976.28
E) $1,003.30
Correct Answer:
Verified
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