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A bond with 10 years to maturity has a face value of $1,000. The bond pays an 8 percent semiannual coupon, and the bond has
A bond with 10 years to maturity has a face value of $1,000. The bond pays an 8 percent semiannual coupon, and the bond has a 9 percent nominal yield to maturity. What is the price of the bond today? (Answer with the letter only.) a. $908.71 b. $934.96 c. $935.82 d. $952.37 e. $960.44 f. None of the above
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