Question
Bond Prices A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 4%, a promised yield to maturity of 4.4% and
| Bond Prices A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 4%, a promised yield to maturity of 4.4% and exactly 8 years to maturity. What is the bond's current value? |
a) $973.27
b) $954.34
c) $1,009.46
d) $937.78
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
