Question
Q10. Today is Jan 1, 2020. The calculated price (the price you computed) for a bond as of today is $1084.39. The annual coupon is
Q10. Today is Jan 1, 2020. The calculated price (the price you computed) for a bond as of today is $1084.39. The annual coupon is 10% paid semiannually. The annual discount rate is 8%. The face value of this bond is $1000. What is the maturity date of this bond? The correct answer is closer to:
a. Jan 1, 2030
b. July1, 2030
c. Jan 1, 2029
d. July 1, 2029
e. Longer than 12 years from now.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
