Question
What is the price of a bond which has a face value of $10,000, a maturity of 15 years, a coupon rate of 7% (paid
What is the price of a bond which has a face value of $10,000, a maturity of 15 years, a coupon rate of 7% (paid semiannually), and a current yield in the market of 5%?
| A. | $10,000.00 |
| B. | $8,160.80 |
| C. | $10,500.00 |
| D. | $12,093.03 |
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
