Exhibit 17.2 Use the Information Below for the Following Problem(S)

Multiple Choice

Exhibit 17.2
Use the Information Below for the Following Problem(S)
XLR Corporation just issued a $1,000 par value bond with a 7% yield to maturity, twenty years to maturity, with an 8% semi-annual coupon rate.
-Refer to Exhibit 17.2.What is the price of the XLR Corporate bond?

A) $901.04
B) $932.04
C) $1,102.62
D) $1,105.94
E) $1,106.78