Question
You would like to buy a monthly compounding 12-year, $1,000 par value bond. The annual coupon rate on this bond is 8% percent. If the
You would like to buy a monthly compounding 12-year, $1,000 par value bond. The annual coupon rate on this bond is 8% percent. If the current yield to maturity of the bond is an 8 percent, what is the value of this bond? Group of answer choices:
A) $875
B) $1,149
C) $1,000
D) -$1,000
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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
