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What must be the price of a $10,000 bond with a 6.5% coupon rate, semiannual coupons, and five years to maturity if it has a
What must be the price of a $10,000 bond with a 6.5% coupon rate, semiannual coupons, and five years to maturity if it has a yield to maturity of 8% APR?
A.
$10,619.63
B.
$10,754.44
C.
$9,227.76
D.
$9,391.68
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