The 45 percent bond of jl motors has a face value of 1000 a
The 4.5 percent bond of JL Motors has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to maturity of 6.23 percent. What is the current market price of the bond?
$945.08
$947.21
$903.05
$959.60
$912.40
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