Question
An annual coupon payment corporate bond with coupon rate of 4%, face value of $1,000 and maturity of 20 years. If the bond's yield to
An annual coupon payment corporate bond with coupon rate of 4%, face value of $1,000 and maturity of 20 years. If the bond's yield to maturity is 5%, what's the price of the bond selling?
A.$970.25
B.$875.38
C.$1026.40
D.$1000.00
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Practical Financial Management
Authors: William R. Lasher
6th Edition
1439080496, 978-1439080498
