Question
A $1,000 face value bond currently has a yield to maturity of 9.06%. The bond matures in three years and pays interest annually. The coupon
A $1,000 face value bond currently has a yield to maturity of 9.06%. The bond matures in three years and pays interest annually. The coupon rate is 7.00%. What is the current price of this bond?
Group of answer choices
$947.91
$949.60
$1,005.26
$1,008.18
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
