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A 8-year bond has a par value of $1,000; a 7.5 percent per annum coupon rate; and a yield to maturity of 8.25 percent per
A 8-year bond has a par value of $1,000; a 7.5 percent per annum coupon rate; and a yield to maturity of 8.25 percent per annum. Assuming the coupons are paid semi-annually, the market price is closest to:
a. $1064.51
b. $956.70
c. $976.70
d. $941.70
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