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A bond has a coupon rate of 8 percent. The bond makes annual coupon payments. The yield to maturity is 6.85 percent and the maturity

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A bond has a coupon rate of 8 percent. The bond makes annual coupon payments. The yield to maturity is 6.85 percent and the maturity date is 8 years from today. What is the market price of this bond if the face (par) value is $1,000? Multiple Choice $951.69 $951.69 $1,020.76 $87751 ( ) $1,069.07 $1,07718

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