Question
Transocean Ltd issues a 9 percent coupon bond with 18 years maturity, $1,000 face (par) value, and semi-annual payments. If the yield to maturity of
Transocean Ltd issues a 9 percent coupon bond with 18 years maturity, $1,000 face (par) value, and semi-annual payments. If the yield to maturity of this bond is 6 percent, find the bond's price.
Group of answer choices
$1,335.73
$1,300.49
$1,182.26
none of the answers is correct
$1,327.48
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
