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Fred Inc has a 7.25% semiannual coupon bond with 15-years to maturity and a par value of $1,000. If the YTM is 5.30%., what is
Fred Inc has a 7.25% semiannual coupon bond with 15-years to maturity and a par value of $1,000. If the YTM is 5.30%., what is the current price of the bond?
a. | $1,500.06 | |
b. | $948.04 | |
c. | $1,200.05 | |
d. | $1,164.05 | |
e. | $1,224.05 |
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