If a $1,000 face value bond has a coupon rate of 5.5% with interest paid semi-annually, a maturity of 15 years, and a yield to maturity of 4.5%, what is the current price of this bond?
A) $854.66
B) $1108.23
C) $1162.89
D) $1242.72

Question

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The Answer of If a $1,000 face value bond has a coupon rate of 5.5% with interest paid semi-annually, a maturity of 15 years, and a yield to maturity of 4.5%, what is the current price of this bond?
A) $854.66
B) $1108.23
C) $1162.89
D) $1242.72

If a $1,000 Face Value Bond Has a Coupon Rate