Question
ABC Corp's outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield-to-maturity is 9%, based on semi-annual compounding, and the
ABC Corp's outstanding bonds have a $1,000 par value, and they mature in 5 years. Their yield-to-maturity is 9%, based on semi-annual compounding, and the current market price is $853.61. What is the bond's annual payment?
a.) $26.50
b.) $53.00
c.) $25.36
d.) $50.27
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
