Question
Ten years ago, Pharos Company issued a 30-year bond, with a par value of $1,000 and with a coupon rate of 6%, payable annually. Today,
Ten years ago, Pharos Company issued a 30-year bond, with a par value of $1,000 and with a coupon rate of 6%, payable annually. Today, the bonds have 20 years remaining to maturity, and the yield to maturity (YTM) is 9%. What is the price of the bond?
- A. $726.11
- B. $814.26
- C. $909.67
- D. $1,344.09
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
8th Edition
0814406807, 978-0814406809
