What is the price of a 12 year bond paying semiannual interest at a rate of 9.5% with a yield to maturity of 9.75%?  Assume par is $1,000.

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
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ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
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Chapter7: Bonds And Their Valuation
Section: Chapter Questions
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What is the price of a 12 year bond paying semiannual interest at a rate of 9.5% with a yield to maturity of 9.75%?  Assume par is $1,000.

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