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Assume there is a bond with the coupon rate of 12.2%, yield to maturity (YTM) of 6.4%, and with the face value of $1,000. Further

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Assume there is a bond with the coupon rate of 12.2%, yield to maturity (YTM) of 6.4%, and with the face value of $1,000. Further assume that the bond will mature 9 years from now, and that the interest rate will compound semiannually. What is the bond's current market value? $1.392.19 $1.398.25 $1.395.50 $1,412.25

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