Question
What is the value of a 5-year bond with a $1,000 par value that pays an 8% coupon semiannually if comparable bonds are currently yielding
What is the value of a 5-year bond with a $1,000 par value that pays an 8% coupon semiannually if comparable bonds are currently yielding 10%?
| 1. | $852.80 | |
| 2. | $922.78 | |
| 3. | $929.46 | |
| 4. | $755.29 |
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
