Multiple Choice
A five-year bond has a $1,000 par value bond, a 12 percent coupon, and a yield to maturity of 8 percent. Interest is paid semiannually. The bond's price is
A) $864.65.
B) $1081.78.
C) $852.80.
D) $1162.22.
E) $1785.35.
Correct Answer:
Verified
Correct Answer:
Verified
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