What is the current market price of the bond

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Reference no: EM131297385

The 4.5 percent bond of JL Motors has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to maturity of 6.23 percent. What is the current market price of the bond?

$945.08

$947.21

$903.05

$959.60

$912.40

Reference no: EM131297385

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