Question
Last year, you purchased a 5 year bond, pays semiannually, and has a coupon rate of 6%.If the yield in the market is currently 5%,
Last year, you purchased a 5 year bond, pays semiannually, and has a coupon rate of 6%.If the yield in the market is currently 5%, calculate the price of the bond today.
$1083.31
$1250.95
$1077.22
$845.57
None of the above
Please show work
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Real Estate Finance
Authors: John P. Wiedemer, Keith J. Baker
9th edition
324181426, 324181425, 978-0324181425
