Whatever, Inc., has a bond outstanding with a coupon rate of 5.75 percent and semiannual payments. The yield to maturity is 4.7 percent and the
Whatever, Inc., has a bond outstanding with a coupon rate of 5.75 percent and semiannual payments. The yield to maturity is 4.7 percent and the bond matures in 22 years. What is the market price if the bond has a par value of $1,000?
Multiple Choice
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$1,142.07
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$1,144.77
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$1,143.01
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$1,146.28
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$1,165.87
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Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
