Question
XYZ corporation issues today a $1,000 face value bond that has a 7.20% coupon rate, pays semi-annual coupons and has 9 years to maturity. Similar
XYZ corporation issues today a $1,000 face value bond that has a 7.20% coupon rate, pays semi-annual coupons and has 9 years to maturity. Similar bonds are trading today at a yield to maturity of 7.60%. What should be the price of the XYZ bond today?
no excel pls
a.$974.26
b.$1,169.12
c.$1,025.84
d.$1,648.00
e.$842.18
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Multinational Finance
Authors: Kirt C. Butler
4th Edition
1405181184, 978-1405181181
