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Assume there is a bond with the coupon rate of 10.6%, yield to maturity (YTM) of 11.2%, and with the face value of $1,000. Further

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Assume there is a bond with the coupon rate of 10.6%, yield to maturity (YTM) of 11.2%, and with the face value of $1,000. Further assume that the bond will mature 10 years from now, and that the interest rate will compound annually. What is the bond's current market value? $962.00 $964.96 $968.60 $956.44

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