Question
A 15-year, $1,000 par bond with a 6.5% semi-annual coupon currently trades at a price of $1,215. If the yield to maturity of the bond
A 15-year, $1,000 par bond with a 6.5% semi-annual coupon currently trades at a price of $1,215. If the yield to maturity of the bond remains constant, what will be its price in six years?
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A. $1,268.00
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B. $1,145.73
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C. $1,080.16
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D. $846.71
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E. $1,103.49
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 9780138596873
