Question regarding the current bond price


St. Louis Bridge Co. has bonds issued that have 10 years to maturity and a coupon rate of 8.2%. The bonds make semi-annual payments. If the YTM of these bonds is 8.95%, what is the current bond price?

a. $1,017.50

b. $422.16

c. $951.11

d. $914.24

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Finance Basics: Question regarding the current bond price
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