Question
Jittery Joes Coffee Shop issued 7-year bonds at a coupon rate of 4.80 percent and the bonds make semi-annual payments. If the YTM on these
Jittery Joes Coffee Shop issued 7-year bonds at a coupon rate of 4.80 percent and the bonds make semi-annual payments. If the YTM on these bonds is 5.4 percent, what is the current bond price?
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| A) $ 965.41 |
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| B) $ 965.78 |
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| C) $1,000.00 |
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| D) $1,048.42 |
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| E) $1,024 |
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Personal Finance
Authors: Jack Kapoor
12th Edition
125996776X, 9781259967764
