Question
Question text What is the market value of a bond that will pay a total of 15 annual coupons of $100 each over the remainder
Question text
What is the market value of a bond that will pay a total of 15 annual coupons of $100 each over the remainder of its life? Assume the bond has a $1,000 face value and an 8%/year yield to maturity.
Select one:
a. $1,196.36
b. $1,192.07
c. $634.86
d. $1,135.90
e. 1,171.19
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Options Futures And Other Derivatives
Authors: John C. Hull
9th Edition
0133456315, 9780133456318
