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The YTM of a 1,000 with a 10% coupon rate, semiannual coupons, and two years to maturity is 6.5% APR, compounded semiannually. a. What must

The YTM of a 1,000 with a 10% coupon rate, semiannual coupons, and two years to maturity is 6.5% APR, compounded semiannually.

a. What must its price be ?

972.69

none of the above

1,063.72

1,046.66

948.61

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