Question
You are considering buying a Fagel Corp. bond with a $1000 face value, 11% semi-annual coupon that has 14 years left until maturity. The bond
You are considering buying a Fagel Corp. bond with a $1000 face value, 11% semi-annual coupon that has 14 years left until maturity. The bond has a yield to maturity of 16%. What is the fair price of this bond?
| $726.62 | ||
| None of these | ||
| $723.72 | ||
| $1,353.04 | ||
| $607.81 |
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
