A bond with a par value of $1,000 and a 10% semi-annual coupon rate has 9 years to maturity.Assuming it is priced to yield 8%, compounded semi-annually, what is the market price of the bond, to the nearest dollar?
A)$1,074
B)$1,127
C)$1,450
D)$1,510
E)None of the above

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The Answer of A bond with a par value of $1,000 and a 10% semi-annual coupon rate has 9 years to maturity.Assuming it is priced to yield 8%, compounded semi-annually, what is the market price of the bond, to the nearest dollar?
A)$1,074
B)$1,127
C)$1,450
D)$1,510
E)None of the above

A Bond with a Par Value of $1,000 and a 10