Question
What is the price of a five year 1.8% coupon bond paid semi-annually with a $1,000 par value and a yield to maturity of 1.64%?
What is the price of a five year 1.8% coupon bond paid semi-annually with a $1,000 par value and a yield to maturity of 1.64%?
A) $1,014.65
B) $1,007.65
C) $1,007.62
D) $932.26
Show your work please
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
