Question
The 5.3 percent bond of Dominic cyle parts has a face value of $1,000 a maturity of 12 years, semiannual interest payments, and a yield
The 5.3 percent bond of Dominic cyle parts has a face value of $1,000 a maturity of 12 years, semiannual interest payments, and a yield to maturity of 5.95 percent. What is the current market price of the bond?
A.) $931.01
B.) $1,072.13
C.) $944.81
D.) $959.33
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
