An 8 percent (annual coupon rate) $2,000 bond matures in 15 years, pays interest daily, and...
An 8 percent (annual coupon rate) $2,000 bond matures in 15
years, pays interest daily, and has a yield to maturity of 8
percent. What is the current market price of the bond?
A. $1,945.08
B. $1,947.21
C. $1,959.09
D. $2,059.60
E. $2,000.00
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