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(Estimated time allowance: 10 minutes) TeaCup Corp, plans to sell 20-year, 6% coupon rate, bonds today with a yield to maturity (YTM) of 8%. The

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(Estimated time allowance: 10 minutes) TeaCup Corp, plans to sell 20-year, 6% coupon rate, bonds today with a yield to maturity (YTM) of 8%. The bonds have semiannual coupon payments and a par value of $1,000. What is the price of the bond today? 1,276.72 1,231.19 802.08 773.81 864.11 none of the above 773.81 864.11 none of the above 849.54 1,148.80

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