Question
Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.8 percent and annual payments. The yield to maturity is 9 percent and the
Gugenheim, Inc., has a bond outstanding with a coupon rate of 7.8 percent and annual payments. The yield to maturity is 9 percent and the bond matures in 16 years. What is the market price if the bond has a par value of $2,000?
$1,800.50
$1,836.51
$1,803.27
$1,805.64
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Financial Literacy For Managers
Authors: Richard A. Lambert
1st Edition
1613630182, 978-1613630181
