Question
A bond with 10 years to maturity is paying 5% coupons semi-annually, and the last coupon has just been paid. The face value is $1,000
A bond with 10 years to maturity is paying 5% coupons semi-annually, and the last coupon has just been paid. The face value is $1,000 and the yield to maturity is 7% p.a. What is the price today closest to:
A) $857.88
B) $866.72
C) $1,000.00
D) $1,224.32
E) None of the above
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
