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A bond with par value of $ 1 , 0 0 0 that pays semi - annual coupons of $ 4 0 has an effective

A bond with par value of $1,000 that pays semi-annual coupons of $40 has an effective yield
to maturity of 8.16% per year and a term-to-maturity of exactly 10 years. What is the price
of this bond?
a) $1,040.00
b) $1,000.00
c) $989.34
d) $989.20
e) $722.86

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