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Suppose a 6 - year bond has a face value of $ 1 , 0 0 0 and has a semi - annual YTM of

Suppose a 6-year bond has a face value of $1,000 and has a semi-annual YTM of 0.020. It pays semi-annual coupons of 8%. What is
the bond's price?
Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to the nearest whole number.
E.g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6,$7001.6,$7,001.6, NOR 7001.56.

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