Question
Kasey Corp. has a bond outstanding with a coupon rate of 5.4 percent and semiannual payments. The bond has a yield to maturity of 6.3
Kasey Corp. has a bond outstanding with a coupon rate of 5.4 percent and semiannual payments. The bond has a yield to maturity of 6.3 percent, a par value of $2,000, and matures in 21 years. What is the quoted price of the bond?
Multiple Choice
-
1,791.95
-
89.60
-
91.39
-
897.35
- 94.08
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Finance For Non Financial Managers
Authors: Gene Siciliano
1st Edition
0071413774, 978-0071413770
