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Assume there is a bond with the coupon rate of 12.2%, yield to maturity (YTM) of 10.2%, 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 10.2%, and with the face value of $1,000. Further assume that the bond will mature 11 years from now, and that the interest rate will compound semiannually. What is the bond's current market value? $1,082.63 $1,130.48 $1,128.71 $1,172.93

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