What is the expected market price now for this bond

Reference no: EM13301329

A bond has a 6.0% coupon rate and pays interest SEMI-annually. It has 8 years to maturity. Market interest rates for such a bond are now at 8.0% yield-to-maturity. What's the expected market price now for this bond? (pick closest answer)

a. $1,088.23

b. $883.48

c. $923.66

d. $873.11

e. $823.66

Reference no: EM13301329

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