Chocolate and More offers a bond with a coupon rate of 6 percent,semiannual payments,and a yield to maturity of 7.73 percent.The bonds mature in 9 years.What is the market price of a $1,000 face value bond?
A) $889.29
B) $963.88
C) $1,008.16
D) $924.26
E) $901.86
Correct Answer:
Verified
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