Question
An nine-year bond that is being issued today has an 10 percent coupon rate and a $1,000 face value. If the yield to maturity on
An nine-year bond that is being issued today has an 10 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 12 percent, calculate the price of the bond as of today assuming that the bond makes semi-annual coupon payments.
| $991.62 | ||
| $796.58 | ||
| $947.69 | ||
| $891.72 | ||
| $843.07 |
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
