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A 6.24% coupon bearing bond pays interest semi-annually and has a maturity of 30 years. If the annual yield to maturity is 5.88%, what is
A 6.24% coupon bearing bond pays interest semi-annually and has a maturity of 30 years. If the annual yield to maturity is 5.88%, what is the current price of this bond?
a. | 951.44 | |
b. | 951.69 | |
c. | 1,050.20 | |
d. | 1,050.46 | |
e. | 1,125.24 | |
f. | 1,125.44 |
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