Question
What is the price of a $1,000 par value bond with a 9% coupon rate paid semiannually, if the bond is priced to yield 8%
What is the price of a $1,000 par value bond with a 9% coupon rate paid semiannually, if the bond is priced to yield 8% and it has 9 years to maturity?
a.
The price of this bond is $-18788.00
b.
The price of this bond is $-8416.00
c.
The price of this bond is $917.00
d.
The price of this bond is $909.00
e.
$1,000
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Banking And Finance
Authors: Brian Duignan
1st Edition
1615308946, 978-1615308941
