Multiple Choice
A $1,000 face value bond currently has a yield to maturity of 6.03 percent.The bond matures in thirteen years and pays interest semiannually.The coupon rate is6.25percent.What is the current price of this bond?
A) $ 987.42
B) $980.02
C) $1,005.26
D) $1,019.63
E) $1,011.69
Correct Answer:
Verified
Correct Answer:
Verified
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