Question
Harvey Dent wants to sell the $30,000 TriForce bonds he purchased 3 years ago at par value. The bonds have a 4.5% coupon, 7 years
Harvey Dent wants to sell the $30,000 TriForce bonds he purchased 3 years ago at par value. The bonds have a 4.5% coupon, 7 years to maturity, and are trading at a 4.95% yield to maturity. If Harvey sells the bonds today, his proceeds from the sale would be closest to:
A.
a gain of $902.98.
B.
a loss of $790.50.
C.
a loss of $782.58.
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The Legaltech Book
Authors: Susanne Chishti ,Sophia Adams Bhatti ,Akber Datoo ,Drago Indjic
1st Edition
1119574277, 978-1119574279
