Question
Gambobo, Inc., has a bond outstanding with a coupon rate of 5.8 percent and semiannual payments. The yield to maturity is 5.5 percent and the
Gambobo, Inc., has a bond outstanding with a coupon rate of 5.8 percent and semiannual payments. The yield to maturity is 5.5 percent and the bond matures in 8 years. What is the market price if the bond has a par value of $4000?
| 3011.54 | ||
| 3286.95 | ||
| 5253.49 | ||
| 4076.83 | ||
| 5273.95 |
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
5th Edition
0134734203, 978-0134734200
