Question
You have a 9-year bond, with $1,000 face value, 5.50% coupon rate, semiannual coupon payments, and yield to maturity of 7.00% APR. What is its
You have a 9-year bond, with $1,000 face value, 5.50% coupon rate, semiannual coupon payments, and yield to maturity of 7.00% APR. What is its price?
Group of answer choices
$90.11
$902.27
$901.08
$919.21
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
