A bond that compounds semiannually has a Face Value of $1,000 and maturity of 16...
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Finance
A bond that compounds semiannually has a Face Value of $1,000 and maturity of 16 years. Assume that its coupon rate is 6.2% and yield to maturity (YTM) is 6.48%. What is this bonds market price?
Group of answer choices
$962.24
$959.93
$973.56
$972.37
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