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Inc. has a 6.5% coupon, with semiannual payments. YTM is 6.99%. Maturity is 8 yrs. What's the price? Hint: remember for semi-annual, divide both the

Inc. has a 6.5% coupon, with semiannual payments. YTM is 6.99%. Maturity is 8 yrs. What's the price? Hint: remember for semi-annual, divide both the coupon rate and YTM by 2, and multiply the number of periods by 2. This is exactly like the semi-annual bond problems in the book, video and practice.

multiple choice

$1,363.56

$1,024.05

$1,393.21

$970.36

$1,577.15

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