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QUESTION 23 Smith's Dairy Products' bond matures in 8 years, has a par value of $1,000, makes semiannual interest payments, and has a coupon rate

QUESTION 23 Smith's Dairy Products' bond matures in 8 years, has a par value of $1,000, makes semiannual interest payments, and has a coupon rate of 6.5%. The market requires an interest rate of 8.2% on this bond. What is the bond's price? O $712.33 $901.68 O $1,127.10 O $775.45 O $676.26 5 poir
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Smith's Dairy Products' bond matures in 8 years, has a par value of $1,000, makes semiannual interest payments, and has a coupon rate of 6.5%. The market requires an interest rate of 8.2% on this bond. What is the bond's price? $71233 $901.68 51,127.10 $775.45 $676.26

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