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Question 20 (1 point) The 4.5 percent bond of XYX Co. has a face value of $1,000, a maturity of 7 years, semiannual interest payments,
Question 20 (1 point) The 4.5 percent bond of XYX Co. has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to maturity of 6.0 percent. What is the current market price of the bond? 1) $961.08 2) $947.21 3) $951.49 4) $959.60 5) $915.28
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