Question
XYZ Corporation's bonds have a 15-year maturity bonds, a 7% coupon paid semi-annually and a $1,000 par value. If the yield to maturity is 8.5%,
XYZ Corporation's bonds have a 15-year maturity bonds, a 7% coupon paid semi-annually and a $1,000 par value. If the yield to maturity is 8.5%, what is the price of the bond?
Group of answer choices
$615.95
$916.96
$1,089.15
$892.53
$875.44
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Monetary Policy Strategy
Authors: Frederic S. Mishkin
1st Edition
0262513374, 978-0262513371
