Two years ago, Apple Inc. issued 12-year bonas at a coupon rate of 8 percent. It the bonds make semiannual payments, nave a par value of $1,000, and the YTM on these bonds is 7 percent, what is the current bond price? Multiple Choice $1,142.27 $1,071.06 $982.38 $1,080.29 $1,105.94

I wo years ago, Apple inc. issuea 12 -year bonas at a coupon fate of d percent, if the ponos make semiannuai payments, nave a par vaiue or 31 ,uud, and the YTM on these bonds is. 7 percent, what is the current bond price? Multiple Choice $1,4227 $1,071.06 598238 $1,080.29 $1,0594