Question
A bond that pays interest semiannually has a coupon rate of 5.29 percent and a current yield of 5.65 percent. The par value is $1,000.
A bond that pays interest semiannually has a coupon rate of 5.29 percent and a current yield of 5.65 percent. The par value is $1,000. What is the bond's price?
$920.68
$1,068.05
$936.28
$1,014.31
$968.14
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Property Finance
Authors: Giacomo Morri, Antonio Mazza
1st Edition
1118764404, 978-1118764404
