Question
Murphy Oil Corp issues a 8 percent coupon bond with 29 years maturity and $1,000 face (par) value. If the yield to maturity of this
Murphy Oil Corp issues a 8 percent coupon bond with 29 years maturity and $1,000 face (par) value. If the yield to maturity of this bond is 10 percent, find the bond's price.
a. $650.09
b. $709.97
c. none of the answers is correct
d. $774.91
e. $812.61
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
8th Edition
0814406807, 978-0814406809
