Question
You are considering buying a Bertena Corp. bond with a $1000 face value, 11% annual coupon that has 20 years left until maturity. The bond
You are considering buying a Bertena Corp. bond with a $1000 face value, 11% annual coupon that has 20 years left until maturity. The bond has a yield to maturity of 16%. What is the fair price of this bond?
| A. | $701.88 | |
| B. | $1,398.17 | |
| C. | $703.56 | |
| D. | $652.17 | |
| E. | $1000 |
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Financing The Sport Enterprise
Authors: Thomas H. Sawyer, Michael Hypes, Julia Ann Hypes, Tonya L. Sawyer
2nd Edition
041579000X, 9781571677853
