Question
The 4.5 percent bond of limited Inc has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to
The 4.5 percent bond of limited Inc has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to maturity of 6.53 percent. What is the current market price of the bond?
$959.60
$945.08
$887.39
$947.21
$903.05
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Financial Management Theory And Practice
Authors: Prasanna Chandra
11th Edition
9355322208, 978-9355322203
