What must be the price of a $1000 bond with a 5.8% coupon rate, annual coupons, and 20 years to maturity if YTM is 7.8% APR?

Name: What must be the price of a $1000 bond with a 5.8% coupon rate, annual coupons, and 20 years to maturity if YTM is 7.8% APR?
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Quizplus · Accepted Answer

C) Using FV = $1000, periods to maturity = 20, 11ea84dc_f568_3505_9a63_450d8f254c81_TB1316_11_TB1316_11 and discount 11ea84dc_f568_3506_9a63_61de77354260_TB1316_11_TB1316_11 per period, calculate PV = $800.68

What Must Be the Price of a $1000 Bond with a 5.8