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You purchased an annual interest coupon bond one year ago that now has six years remaining until maturity. The coupon rate of interest was 10%,
You purchased an annual interest coupon bond one year ago that now has six years remaining until maturity. The coupon rate of interest was 10%, and par value was $1,000. At the time you purchased the bond, the yield to maturity was 8%. The amount you paid for this bond one year ago was
$1,088.50. | ||
$1,075.50. | ||
$1,104.13. | ||
$1,057.50. | ||
$1.092.46. |
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