Question
A bond has a face value of 8,000 and matures in 5 years. The coupon rate is 2.2% compounded quarterly. What is the price of
A bond has a face value of 8,000 and matures in 5 years. The coupon rate is 2.2% compounded quarterly. What is the price of the bond to yield a true interest rate of 4% compounded quarterly?
A. $7,350.36
B. $7,865.44
C. $8,000.00
D. None of above
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Dividend Investing
Authors: John Swing
1st Edition
1700003968, 978-1700003966
