Question
A bond has face value of $1000 and a coupon rate of 11%. The bond has 4 years to maturity and pays interest semiannually. The
A bond has face value of $1000 and a coupon rate of 11%. The bond has 4 years to maturity and pays interest semiannually. The market rate for bonds of this risk is currently 8%. What should this bond sell for?
Group of answer choices
$1,000
$1, 065.45
$1,100.99
$1,021.17
$980.05
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Microfinance
Authors: Gianfranco A. Vento, Mario La Torre
4th Edition
1403997896, 9781403997890
