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ABC Inc bonds have a face value of $1,000, a coupon rate of 7.2 percent, semiannual interest payments, and mature in 15 years. What is
ABC Inc bonds have a face value of $1,000, a coupon rate of 7.2 percent, semiannual interest payments, and mature in 15 years. What is the current price of these bonds if the yield to maturity is 7.2 percent?
| $1,020.26 | ||
| $1,012.78 | ||
| $988.39 | ||
| $1,010.68 | ||
| $1,000.00 |
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