Question
An 8 percent $1,000 bond matures in 13 years, pays interest semi-annually, and has a yield to maturity of 9.45 percent. What is the current
An 8 percent $1,000 bond matures in 13 years, pays interest semi-annually, and has a yield to maturity of 9.45 percent. What is the current market price of the bond? A. $601.58 B. $647.76 C. $892.76 D. $909.09 E. $930.75
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
