Question
XLR Corporation just issued a $1,000 par value bond with a 7% yield to maturity, twenty years to maturity, with an 8% semi-annual coupon rate.
XLR Corporation just issued a $1,000 par value bond with a 7% yield to maturity, twenty years to maturity, with an 8% semi-annual coupon rate.
66. Refer to Exhibit 11-2. What is the price of the XLR Corporate bond?
| a. | $901.04 |
| b. | $932.04 |
| c. | $1,102.62 |
| d. | $1,105.94 |
| e. | $1,106.78 |
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
