Question
A twelve-year bond, with par value equals $1,000, pays 10% annually. If similar bonds are currently yielding 9% annually, what is the market value of
A twelve-year bond, with par value equals $1,000, pays 10% annually. If similar bonds are currently yielding 9% annually, what is the market value of the bond? Use semi-annual analysis. (Please show how you got the answer I am confused with equation)
| $1,372.75 | |
| $1,022.75 | |
| $1,072.75 | |
| $1,222.75 |
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The Oxford Handbook Of The Sociology Of Finance
Authors: Karin Knorr Cetina, Alex Preda
1st Edition
0198708777, 978-0198708773
