Solved

The 69 Percent Bond of Peters Pickles Has a Face Value

Question 65

Multiple Choice

The 6.9 percent bond of Peters Pickles has a face value of $1,000, a maturity of 15 years, semiannual interest payments, and a yield to maturity of 7.11 percent.What is the current market price of the bond?


A) $990.80
B) $987.95
C) $980.82
D) $1,081.28
E) $952.60

Correct Answer:

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