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Two years ago, you purchased a bond for $1,020.23. At the time of your purchase, the bond had five years left to maturity. The bond
Two years ago, you purchased a bond for $1,020.23. At the time of your purchase, the bond had five years left to maturity. The bond has a par value of $1,000 and a fixed coupon rate of 8%, with coupon payments made annually. If the yield to maturity on your bond is exactly the same today as it was two years ago, what is the current market price of your bond?
$1,082.81
$1,028.00
$1,024.52
$1,013.00
$1,013.78
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