FINANCE 320 – What must be the price of a $2,000 bond with a 6.3?% coupon? rate

FINANCE 320 – What must be the price of a $2,000 bond with a 6.3?% coupon? rate
What must be the price of a $2,000 bond with a 6.3?% coupon? rate, annual? coupons, and 20 years to maturity if YTM is 8.7% ?APR?

A.

$1,241.84

B.

$1,552.30

C.

$2,173.22

D.

$ 1,862.76

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