Question
A 10.5 percent semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield (CY) of 10.74
A 10.5 percent semiannual coupon bond matures in 6 years. The bond has a face value of $1,000 and a current yield (CY) of 10.74 percent. What is the bonds price?
a. $977.65
b. $1,000.00
c. $1,196.24
d. $1,105.00
e. $952.91
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
