Question
Acme Inc. just issued a bond with a$10,000 face value and a coupon rate of7%. If the bond has a life of 30years, pays semiannual
Acme Inc. just issued a bond with a$10,000 face value and a coupon rate of7%. If the bond has a life of 30years, pays semiannual coupons, and the yield to maturity is9%, what will the bond sellfor?
A.
$7,904.45
B.
$10,000
C.
$4,349.49
D.
$7,945.27
E.
$7,936.20
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
