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QUESTION 12 Five years ago, Ovechkin Ovens issued bonds that pay annual coupons, have a face value of $1,000, have a coupon rate of 6.714,
QUESTION 12 Five years ago, Ovechkin Ovens issued bonds that pay annual coupons, have a face value of $1,000, have a coupon rate of 6.714, and were scheduled to mature 19 years after being issued. One year ago, you bought one of those bonds for 5858.00. The bond just paid a coupon. If the percentage return on your bond was 3.60% over the past year from 1 year ago to today, what is the price of the bond today? a. 5821.79 plus or minus 50.50) b. 5955.99 (plus or minus $0.50) c. $892.95 plus or minus 50.50) 0.589421 (plus or minus 50.50) e. None of the above is within 50.50 of the correct
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