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Question 1 0 : A company wishes to issue a 5 year fixed - coupon bond with a face value of $ 1 , 0

Question 10: A company wishes to issue a 5 year fixed-coupon bond with a face value of $1,000 and a coupon rate of 9% pa, paid semi-annually. If the bond offers a yield of 7% pa compounding semi-annually, what will be the bond's price? (a) $869.92(b) $871.65(c) $953.46(d) $1083.17(e) $1140.47

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