Question
A 6.83 percent, semiannual coupon bond has 15 years left to maturity. The bond has face value of $1,000 and yield to maturity of 7.82
A 6.83 percent, semiannual coupon bond has 15 years left to maturity. The bond has face value of $1,000 and yield to maturity of 7.82 percent. What is the price of the bond?
$1,092.02
$913.46
$1,091.14
$914.32
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
