Question 8 Homework Answered Due Feb 10th, 11:59 PM Consider a semi-annual coupon bond with 4% coupon rate, $1,000 face value and 8 year term. How much is this bond worth if its yield to maturity is 5%? Round to the nearest dollar. Type your numeric answer and submit 703 Hint Notice that each coupon amount (C/m) is 4%x$1,000/ 2 $20. Make sure to use YTM/m and nxm in the formula. Answered-Incorrect 2 attempts left You are incorrect Resubmit