preshmister2953 preshmister2953 27-02-2024 Business contestada Rapid River, Inc., has a 7.5% coupon bond that matures in 9 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 6.8%? a) $1,053.33 b) $1,045.56 c) $1,057.12 d) $1,040.76
