Question
What is the price of a 10-year maturily bond with par value of $1.000 that pays a 9 percent coupon rate and has semiannual coupons.
What is the price of a 10-year maturily bond with par value of $1.000 that pays a 9 percent coupon rate and has semiannual coupons. if the market rate of interest is 8 percent?
A) $1,067.95 B) $1.000.00 C) $1.040.55 D) $1.293.72 E) $765.15
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
