A bond offers a coupon rate of [c]%, paid semiannually, and…
A bond offers a coupon rate of %, paid semiannually, and has a maturity of years. Face value is $1,000. If the current market yield is %, what should be the price of this bond? Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57