Question
A semi-annual, 8% coupon bond maturing in 7 years has a market rate of 10%. How much would an investor be willing to pay for
A semi-annual, 8% coupon bond maturing in 7 years has a market rate of 10%. How much would an investor be willing to pay for the bond today?
Group of answer choices
$1,247.47
$1000.00
$ 901.01
$983.42
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
