Multiple Choice
A three-year bond has 8.0% coupon rate and face value of $1000. If the yield to maturity on the bond is 10%, calculate the price of the bond assuming that the bond makes semi-annual coupon interest payments.
A) $857.96
B) $949.24
C) $1057.54
D) $1000.00
Correct Answer:
Verified
Correct Answer:
Verified
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