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A 45 bond has a maturity of 6 years the par value of the

A 4.5% bond has a maturity of 6 years. The par value of the bond is $1,000. If the yield to maturity is 9.6% and the interest payments are made semi-annually, then what is the current price of the bond?

Enter your answer rounded off to two decimal points.

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Finance Basics: A 45 bond has a maturity of 6 years the par value of the

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Finance Basics: A 45 bond has a maturity of 6 years the par value of the

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