Question
Cassies Collectibles has a bond with a $1,000 face value and 6.54% coupon interest paid semi-annually. This bond matures in 12 years and has a
Cassies Collectibles has a bond with a $1,000 face value and 6.54% coupon interest paid semi-annually. This bond matures in 12 years and has a yield to maturity of 4.56%. What is the market price of the bond?
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$957.21
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$1,157.59
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$1,181.44
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$1,193.21
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None of the above is correct.
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
