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Hugo Reyes, Inc. offers a 7 percent coupon bond with semiannual payments and a yield to maturity of 10.58 percent. The bonds mature in 8
Hugo Reyes, Inc. offers a 7 percent coupon bond with semiannual payments and a yield to maturity of 10.58 percent. The bonds mature in 8 years. What is the market price of a $1,000 face value bond? \begin{tabular}{l} $809.95 \\ \hline$814.63 \\ \hline$885.65 \\ \hline 855.09 \\ $812.98 \end{tabular}
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