Norwegian Adventures offers a 6.5% coupon bond with annual payments. The yield to maturity is 6.71% and the maturity date is 7 years from today. What is the market price of this bond if the face value is $1,000?
A) $692.07
B) $811.63
C) $981.31
D) $988.57
E) $1,193.35
Correct Answer:
Verified
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