Question
Whatever, Inc., has a bond outstanding with a coupon rate of 5.86 percent and semiannual payments. The yield to maturity is 4.3 percent and the
Whatever, Inc., has a bond outstanding with a coupon rate of 5.86 percent and semiannual payments. The yield to maturity is 4.3 percent and the bond matures in 24 years. What is the market price if the bond has a par value of $1,000?
Multiple Choice
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$1,256.75
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$1,232.11
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$1,235.63
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$1,234.00
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$1,230.71
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International Finance Theory And Policy
Authors: Paul Krugman, Maurice Obstfeld, Marc Melitz
12th Global Edition
1292417005, 978-1292417004
