Save Answer What is the price of a bond that has a par value of $1000, an annual coupon rate of 6.2%, with coupons paid semiannually, and a maturity of 8 years. Assume a yield to maturity of 7.5%.

What is the price of a bond that has a par value of $1000, an annual coupon rate of 6.2%, with coupons paid semiannuasy, and a matunty of 8 years. Assume a yield is maturity of 7.5%