Question
A company has a 5% coupon bond that pays interest semiannually. The bond has a maturity date of 3/15/2043 and a face value of $25,000.
A company has a 5% coupon bond that pays interest semiannually. The bond has a maturity date of 3/15/2043 and a face value of $25,000. The yield to maturity is 6%. What is the market value for this bond on 3/15/2020?
| 21,903.07 | ||
| 28,394.25 | ||
| 25,000.00 | ||
| 17,522.50 | ||
| 20,005.30 |
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
