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9. A government has issued 7.2% coupon bonds with semi-annual coupons and 22 years to maturity. If the yield-to-maturity for the bonds is quoted at

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9. A government has issued 7.2% coupon bonds with semi-annual coupons and 22 years to maturity. If the yield-to-maturity for the bonds is quoted at 7.5% per year (compounded semi-annually), compute the price of a $1,000 face value bond. A) $967.92 B) $968.15 C) $1,039.71 D) None of the above

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