Question
A bond with a $1,000 face value and a coupon rate of 7.00% has 30 years left until maturity. The bond makes semi-annual coupon payments
A bond with a $1,000 face value and a coupon rate of 7.00% has 30 years left until maturity. The bond makes semi-annual coupon payments and the yield to maturity is 9.00%, compounded semi-annually. What will the bond sell for (rounded to the nearest dollar)?
| A. | $794 |
| B. | $814 |
| C. | $839 |
| D. | $1,000 |
| E. | $1,248 |
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The 10X Financial Advisor Your Blueprint For Massive And Sustainable Growth
Authors: Scott Winters, Melissa Caudle
5th Edition
1951028503, 978-1951028503
