Multiple Choice
A 5-year bond has a face value of $1,000,matures in 5 years,pays interest semiannually,and has a coupon rate of 6.35 percent.The next interest payment will be paid 2 months from today.What is the dirty price of this bond if the market rate of return is 6.2 percent?
A) $985.20
B) $993.70
C) $1,006.37
D) $1,027.54
E) $1,014.10
Correct Answer:
Verified
Correct Answer:
Verified
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