15. An 8 percent (annual coupon rate) $2,000 bond matures in 15 years, pays interest daily,...
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15. An 8 percent (annual coupon rate) $2,000 bond matures in 15 years, pays interest daily, and has a yield to maturity of 8 percent. What is the current market price of the bond? A. $1,945.08 B. $1,947.21 C. $1,959.09| D. $2,059.60 E. $2,000.00 15. An 8 percent (annual coupon rate) $2,000 bond matures in 15 years, pays interest daily, and has a yield to maturity of 8 percent. What is the current market price of the bond? A. $1,945.08 B. $1,947.21 C. $1,959.09| D. $2,059.60 E. $2,000.00
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Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
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