Question $8$

You would like to buy a monthly compounding $12-$year, $$1,000$ par value bond. The annual

coupon rate on this bond is $8\%$ percent. If the current yield to maturity of the bond is an $8$

percent, what is the periodic coupon dollar amount and value of this bond?

$$6\mathrm{.}67$;$$1,000$

$$6\mathrm{.}67$;$-$$$1,000$

$$80$;$$1,149$