Question
A bond has a face value of $10,000. The bond has a coupon rate of 5.0% and pays interest semi-annually. The bond matures in 10
A bond has a face value of $10,000. The bond has a coupon rate of 5.0% and pays interest semi-annually. The bond matures in 10 years. The yield on the bond is 6.0%. What is the current price of the bond?
$10,600.00
$9,256.13
$9,263.99
$10,000.00
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
