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What is the market price of a 2-year fixed-coupon bond with a face(par) value of$1000 and coupon rate of 4 percent, when the marketis demanding
What is the market price of a 2-year fixed-coupon bond with a face(par) value of$1000 and coupon rate of 4 percent, when the marketis demanding a 6 percent yield to maturity (assume that coupon pay-ments are made annually)?(A)$1035.50(B)$961.20(C)$1037.72(D)$963.33
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