Question
You purchase a bond with an annual coupon (interest) rate of 9% per year, 10 years to maturity and a face value of $1000. The
You purchase a bond with an annual coupon (interest) rate of 9% per year, 10 years to maturity and a face value of $1000. The yield to maturity (YTM, rd) on the bond is 6.5%. If the bond makes annual interest payments, what is the price today?
Answer choices:
1025.55
1179.72
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The Sterling Bonds And Fixed Income Handbook
Authors: Mark Glowrey
1st Edition
0857190423, 978-0857190420
