Question
Bond A has a 7% coupon rate, paid annually. Maturity is in three years. The bond sells at par value $1000. The actual price of
Bond A has a 7% coupon rate, paid annually. Maturity is in three years. The bond sells at par value $1000. The actual price of the bond if the interest rate immediately increases from 7% to 8% is____.
| A. | 976.25 | |
| B. | 973.23 | |
| C. | 974.23 | |
| D. | 978.23 |
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The Concise Guide To Mergers Acquisitions And Divestitures Business Legal Finance Accounting Tax And Process Aspects
Authors: R. Brown
1st Edition
0230600786,0230608949
