Question
Suppose a company issues a bond with a par value of $1,000, 25 years to maturity, and a coupon rate of 7.1 percent paid annually.
Suppose a company issues a bond with a par value of $1,000, 25 years to maturity, and a coupon rate of 7.1 percent paid annually. If the yield to maturity is 8.2%, what is the current price of the bond? Group of answer choices
A. $1,004.65
b. $760.37
c. $884.56
d. $913.34
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Personal Finance
Authors: Vickie L Bajtelsmit
2nd Edition
111959247X, 9781119592471
