Question
A bond that yields 5% pays a coupon of $25 semi-annually. Which of the following is most likely the price of the bond? $990 $1000
A bond that yields 5% pays a coupon of $25 semi-annually. Which of the following is most likely the price of the bond?
| $990 | ||
| $1000 | ||
| $1050 | ||
| Not enough information to determine. |
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
