Multiple Choice
Consider a one-year maturity,$100,000 face value bond that pays a 6 percent fixed coupon annually.What is the price of the bond if market interest rates are 7 percent?
A) $99,050.15.
B) $99,457.94.
C) $99,249.62.
D) $100,000.00.
Correct Answer:
Verified
Correct Answer:
Verified
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