Multiple Choice
A $1,000 face value bond currently has a yield to maturity of 7.14 percent.The bond matures in sixteen years and pays interest semiannually.The coupon rate is 6.95 percent.What is the current price of this bond?
A) $987.42
B) $988.57
C) $1,001.52
D) $982.05
E) $1,138.63
Correct Answer:
Verified
Correct Answer:
Verified
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