Question
Roller Inc. recently issued non-callable bonds that mature in 9 years. They have a par value of $1,000 and an annual coupon of 4.5%. If
Roller Inc. recently issued non-callable bonds that mature in 9 years. They have a par value of $1,000 and an annual coupon of 4.5%. If the current market interest rate is 8.0%, at what price should the bonds sell?
| A | $562.50 | |
| B | $700.42 | |
| C | $522.76 | |
| D | $781.36 |
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
