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Suppose for Zhongda Co. bond, the annual coupon payments are $80, and the yield to maturity currently is 7%. The years to maturity of the
Suppose for Zhongda Co. bond, the annual coupon payments are $80, and the yield to maturity currently is 7%. The years to maturity of the bond is 9 years. Par value is $1,000. What is the market value of the bond today? The next coupon payment is year later.
A. 1029.42
B. 1,035.15
C. 1,045.15
D. 1088.49
E. 1092.41
15. Suppose for Zhongda Co. bond, the annual coupon payments are $80, and the yield to maturity currently is 7%. The years to maturity of the bond is 93/4 years. Par value is $1,000. What is the market value of the bond today? The next coupon payment is 3/4 year later. A. 1029.42 B. 1,035.15 C. 1,045.15 D. 1088.49 E. 1092.41 15. Suppose for Zhongda Co. bond, the annual coupon payments are $80, and the yield to maturity currently is 7%. The years to maturity of the bond is 93/4 years. Par value is $1,000. What is the market value of the bond today? The next coupon payment is 3/4 year later. A. 1029.42 B. 1,035.15 C. 1,045.15 D. 1088.49 E. 1092.41
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