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A bond has face amount 1000. It pays 8% compounded semi-annually. At maturity it has a value of 1050. The yield at maturity rate is

A bond has face amount 1000. It pays 8% compounded semi-annually. At maturity it has a value of 1050. The yield at maturity rate is 7% compounded semi-annually . This bond is redeemable at maturity for 1050. The present value of the redemption amount is 164. Find the price of the bond.

1139

1146

1141

1128

1110

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