Question
What must be the price of a $10,000 bond with a 6.9% coupon rate, semiannual coupons, and nine years to maturity if it has a
What must be the price of a $10,000 bond with a 6.9% coupon rate, semiannual coupons, and nine years to maturity if it has a yield to maturity of 8% APR?
A.$11,164
B.$13,025
C.$7,443
D.$ 9,304
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Public Finance In Theory And Practice
Authors: Richard Abel Musgrave, Peggy B. Muscrave
5th Edition
0070441278, 978-0070441279
