Question
A bond has 6 years to maturity, a 12 percent coupon, a $1,000 face value, and pays interest semiannually. What's the bond's current price if
A bond has 6 years to maturity, a 12 percent coupon, a $1,000 face value, and pays interest semiannually. What's the bond's current price if the yield to maturity is 8.52 percent? Please show work if possible
A. $987.19 B. $1,161.52 C. $1,232.45 D. $993.52
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
