Question
An eight-year bond that is being issued today has an 8 percent coupon rate and a $1,000 face value. If the yield to maturity on
An eight-year bond that is being issued today has an 8 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 6 percent, calculate the price of the bond three years from now assuming that the bond makes semi-annual coupon payments.
| $949.24 | ||
| $1,054.17 | ||
| $1,028.29 | ||
| $852.80 | ||
| $1,085.30 |
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Multinational Finance Evaluating The Opportunities Costs And Risks Of Multinational Operations
Authors: Kirt C. Butler
6th Edition
111921968X, 978-1119219682
