Multiple Choice
Atlas bonds have a face value of $1,000,mature in 4 years,pay interest semiannually,and have a coupon rate of 4.5 percent.The next interest payment will be paid 2 months from today.What is the clean price of this bond if the market rate of return is 5.1 percent?
A) $656.57
B) $978.54
C) $971.08
D) $663.01
E) $993.55
Correct Answer:
Verified
Correct Answer:
Verified
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