Question
A bond with 16 years to maturity and a semiannual coupon rate of 5.89 percent has a current yield of 5.57 percent. The bond's par
A bond with 16 years to maturity and a semiannual coupon rate of 5.89 percent has a current yield of 5.57 percent. The bond's par value is $2,000. What is the bond's price?
multiple choice
- $2,114.90
- $2,079.65
- $2,291.14
- $1,891.34
- $2,057.45
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
