What is the market price of a 2-year fixed-coupon bond with a face (par) value of $1000 and coupon rate of 4 percent, when the
What is the market price of a 2-year fixed-coupon bond with a face (par) value of $1000 and coupon rate of 4 percent, when the market is demanding a 6 percent yield to maturity (assume that coupon payments are made annually)? (A) $1035.50 (B) $961.20 (C) $1037.72 (D) $963.33
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Authors: Stephen L. Nesbitt
2nd Edition
1119944392, 978-1119944393
