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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Authors: Roger Staiger
2nd Edition
1138046183, 978-1138046184
