Question
A bond pays a semi-annual coupon at a coupon rate of 6.0% and has 3 years to maturity. If the market discount rate is 8.9%,
A bond pays a semi-annual coupon at a coupon rate of 6.0% and has 3 years to maturity. If the market discount rate is 8.9%, what is the value of the bond (per $100 of face value)? Select one:
a. $92.509
b. $93.996
c. $94.959
d. $92.646
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Stocks And Forex Trading How To Win
Authors: Daryl Guppy ,karen Wong
1st Edition
9811237646, 978-9811237645
