Party Time, Inc. has a 6% coupon bond that matures in 11 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 12.9%?
A) $434.59
B) $580.86
C) $600.34
D) $605.92
E) $947.87
Correct Answer:
Verified
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