Question 6 Consider a ten-year, $1000 bond with an 6% coupon rate and annual coupons is trading with a YTM of 8%. Its bond price is $ Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, and round to one decimal places. E.g., if your answer is $1,001.5 1002. Otherwise, Blackboard will treat it as a wrong answer. L A Moving to another question will save this response.

Consider a ten-year, $1000 bond with an 6% coupon rate and annual coupons is trading with a YTM of 8%. Its bond price is $ Instruction: Type ONLY your numerical answer in the unit of dollars, NO \$ sign, and round to one decimal places. E.g, if your answer is $1,001.5 1002. Otherwise, Blackboard will treat it as a wrong