A bond with 11 years to maturity and a 6 percent coupon rate, a $1,000 face value, has a yield to maturity of 7.1 percent. What is the current price of the bond? The bond pays interest semiannually.
A) $952.34
B) $859.90
C) $843.21
D) $873.83
E) $916.99
Correct Answer:
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