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Consider a corporate bond with a 4.3% coupon rate, paid semi-annually, $1000 par value and a current yield to maturity (YTM) of 3.7%. It matures
Consider a corporate bond with a 4.3% coupon rate, paid semi-annually, $1000 par value and a current yield to maturity (YTM) of 3.7%. It matures in exactly 8 years.
What is the current market price of this bond? [Your final answer should be ROUNDED TO THE NEAREST DOLLAR, expressed in dollars only (eg 234) with no cents, and no commas!]
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