Question
Weismann Co. issued 5-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value
| Weismann Co. issued 5-year bonds a year ago at a coupon rate of 7 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6 percent, what is the current bond price? |
Multiple Choice
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$1,045.10
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$1,027.90
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$1,035.10
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$858.49
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$1,214.59
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The Ages Of The Investor A Critical Look At Life Cycle Investing
Authors: William J Bernstein
1st Edition
1478227133, 978-1478227137
