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A 30-year, $1,000 par value bond has an 5.5% annual coupon rate, paid semiannualy. The market interest rate for this bond is 6%. Assume the
A 30-year, $1,000 par value bond has an 5.5% annual coupon rate, paid semiannualy. The market interest rate for this bond is 6%. Assume the market interest rate remains constant, what will the price of this bond 5 years from now? A) $839.31 B) $935.68 C) $951.00 D) $978.67 E) $1104.97
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