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A $1,000 par bond with a 8% semi-annual coupon and a yield to maturity of 5.5% has 15 years to maturity. What is the price
A $1,000 par bond with a 8% semi-annual coupon and a yield to maturity of 5.5% has 15 years to maturity. What is the price of the bond?
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A. $1,250.94
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B. $781.99
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C. $1,253.12
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D. $984.33
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
