What is bond current price if the yield to maturity

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Reference no: EM131346388

A bond has 8 years to maturity, a 7 percent coupon, a $1,000 face value, and pays interest semiannually. What is the bond's current price if the yield to maturity is 6.91 percent?

$1,005.46

$1,009.73

$799.32

$917.92

$848.16

Reference no: EM131346388

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