Multiple Choice
Simpson Industries Inc.bonds currently have 12 years remaining to maturity.What is the current price of the firm's semi-annual bonds if they carry a face value of $1,000,an annual coupon rate of 8% and an annual yield to maturity of 7%?
A) $924.64
B) $1,000.00
C) $1,079.43
D) $1,080.29
Correct Answer:
Verified
Correct Answer:
Verified
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