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A 9 percent, $1,000 bond matures in 16 years, pays interest semi-annually, and has a yield-to-maturity of 9.68 percent. What is the current market price?

A 9 percent, $1,000 bond matures in 16 years, pays interest semi-annually, and has a yield-to-maturity of 9.68 percent. What is the current market price? Question 5 options: i) $945.23 ii) $1,028.60 iii) $938.47 iv) $1,108.19

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