Question
A bond matures in 8 years, Par value = $1,000, and coupon annual interest payment = $65. Yield to maturity of this bond is 8.2%
A bond matures in 8 years, Par value = $1,000, and coupon annual interest payment = $65. Yield to maturity of this bond is 8.2% (yield, or annual return). What is the bond's price?
a. $903.04
b. $925.26
c. $948.67
d. $972.84
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Parimutuel Applications In Finance New Markets For New Risks
Authors: Ken Baron, Jeffrey Lange
1st Edition
1403939500, 9781403939500
