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What is the price today (in dollars and cents) of a 7 -year 8.75 % coupon rate bond that returns the par value of $1000
What is the price today (in dollars and cents) of a 7-year 8.75% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 8.50%?
| $987.31 | ||
| $346.02 | ||
| $695.72 | ||
| $1012.80 | ||
| $1000.00 |
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