What is the price of a bond with a par value of $1,000, an 8% coupon rate paid annually, and a yield to maturity of 6% if the bond matures in 10 years? $1,124.20 $1,136.03 $1,147.20 $1,157.74 $1,167.68 Please Only typing answer

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter5: Bonds, Bond Valuation, And Interest Rates
Section: Chapter Questions
Problem 24SP
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What is the price of a bond with a par value of $1,000, an 8% coupon rate paid annually, and a yield to maturity of 6% if the bond matures in 10 years?

$1,124.20

$1,136.03

$1,147.20

$1,157.74

$1,167.68

Please Only typing answer 

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