Question
Wine and Roses, Inc. offers a bond with a coupon rate of 8% and a yield to maturity of 10 percent. The coupon is paid
Wine and Roses, Inc. offers a bond with a coupon rate of 8% and a yield to maturity of 10 percent. The coupon is paid semi-annually to the investors and the bonds mature in 5 years. What is the market price of the bond?
| A. | $922.78
| |
| B. | $769.22 | |
| C. | $893.27 | |
| D. | $807.89 |
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
