Question
Bond A has a coupon rate of 10.52 percent, a yield-to-maturity of 13.96 percent, and a face value of $1,000.00; matures in 8 years; and
Bond A has a coupon rate of 10.52 percent, a yield-to-maturity of 13.96 percent, and a face value of $1,000.00; matures in 8 years; and pays coupons annually with the next coupon expected in 1 year. What is (X + Y + Z) if X is the present value of any coupon payments expected to be made in 3 years from today, Y is the present value of any coupon payments expected to be made in 6 years from today, and Z is the present value of any coupon payments expected to be made in 9 years from today? An amount less than $89.33 or a rate greater than $237.50 An amount equal to or greater than $135.34 but less than $153.83 An amount equal to or greater than $153.83 but less than $183.23 An amount equal to or greater than $183.23 but less than $237.50 An amount equal to or greater than $89.33 but less than $135.34
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