What is the market price of a bond that pays 5 coupons


What is the market price of a bond that pays 5% coupons semiannually has a par value of $1000 and matures in 5 years when the market yields 7%? show your work please

a) 917.996

b) 916.834

c) 1087.521

d) 1086.590

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Financial Management: What is the market price of a bond that pays 5 coupons
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