Question
A corporate bond has 10 years until maturity, a face value of $1,000, and a coupon rate of 10% (semi annual payments). The yield to
A corporate bond has 10 years until maturity, a face value of $1,000, and a coupon rate of 10% (semi annual payments). The yield to maturity on this bond is 10%. What is the price of this bond?
Group of answer choices
$1,135
$1,000
$1,206
$987
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
9th Edition
0321598903, 978-0321598905
