Multiple Choice
A 7 percent coupon bond has a face value of $1,000 and pays interest annually.The current yield is 6.8 percent.What is the current price of this bond?
A) $971.43
B) $978.41
C) $1,068.00
D) $1,029.41
E) $1,104.00
Correct Answer:
Verified
Correct Answer:
Verified
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