Question
Two years ago, XYZ Ltd. issued a 10-year, 9% coupon bond with a face value of $1,000. The bond makes quarterly coupon payments. Today, the
Two years ago, XYZ Ltd. issued a 10-year, 9% coupon bond with a face value of $1,000. The bond makes quarterly coupon payments. Today, the bond yields an APR of 10% compounded semi-annually. What is the price of the bond today?
A) $932.32
B) $945.38
C) $946.65
D) 951.83
E) 1,186.51
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
