Question
Sweeney Sailboats bonds have 9 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8
Sweeney Sailboats bonds have 9 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8 percent; and the yield to maturity is 7.5 percent. What is the bonds current market price?
| a. | $1,080.00 | |
| b. | $510.31 | |
| c. | $1,000.00 | |
| d. | $773.92 | |
| e. | $1,031.89 |
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Earnings Quality
Authors: Andrew P.C.
1st Edition
1521507724, 978-1521507728
