24. Bond Price (LO1, CFA5) A newly issued 10-year option-free bond is valued at par on June...

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24. Bond Price (LO1, CFA5) A newly issued 10-year option-free bond is valued at par on June 1, 2017. The bond has an annual coupon of 8.0 percent. On June 1, 2020, the bond has a yield to maturity of 7.1 percent. The price of the bond on June 1, 2022, is closest to:

a. 100.0 percent of par.

b. 102.5 percent of par.

c. 104.3 percent of par.

d. 105.4 percent of par.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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