Multiple Choice
An investor who owns a bond with a 9% coupon rate that pays interest semi-annually and matures in three years is considering its sale. If the required rate of return on the bond is 11%, the price of the bond per 100 of par value is closest to:
A) 95.00.
B) 95.11.
C) 105.15.
Correct Answer:
Verified
Correct Answer:
Verified
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