Question
A 4-year $1000 par value bond with a 7% coupon, semi-annual coupon payments and a 9% yield to maturity is currently worth $934.04. How much
A 4-year $1000 par value bond with a 7% coupon, semi-annual coupon payments and a 9% yield to maturity is currently worth $934.04. How much will it be worth 1 year from now if interest rates are constant? (Note:Semi annual interest payments)
A. $934.04
B. $948.42
C. $996.42
D. $1,000.00
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
