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What is the approximate price of a bond that matures in two years (T ) = ( 2) , with a face value of $1000(F

What is the approximate price of a bond that matures in two years

(T

)

=

(

2)

, with a face value of

$1000(F

)

=

(

$1000)

, and an annual coupon payment of

$50(C

)

=

(

$50)

, if the interest rate is 6 percent?\

$1056.67

\

$1100.00

\

$876.33

\

$981.67
image text in transcribed
What is the approximate price of a bond that matures in two years ( T=2 ), with a face value of $1000(F=$1000), and an annual coupon payment of $50(C=$50), if the interest rate is 6 percent? $1056.67 $1100.00 $876.33 $981.67

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