Multiple Choice
Consider a bond which pays 7% semiannually and has 8 years to maturity.The market requires an interest rate of 8% on bonds of this risk.What is this bond's price?
A) $942.50
B) $911.52
C) $941.74
D) $1,064.81
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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