(Answered) A three-year bond has 80 coupon rate and face value of 1000

Finance

A three-year bond has 8.0% coupon rate and face value of $1000. If the yield to maturity (YTM) on the bond is 10%, calculate the price of the bond assuming that the bond makes semi-annual coupon interest payments

a) $949.24

b) $847.96

c) $1000

d) $1057.54

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