A 1000 par bond that pays interest semiannually has a


A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 5%, a promised yield to maturity of 5.7% and exactly 8 years to maturity. What is the bond's current value?

$936.60

$955.53

$920.04

$991.72

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Financial Management: A 1000 par bond that pays interest semiannually has a
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