Multiple Choice
Queen and Bees, Inc. offers a 7% coupon bond with semiannual payments and a yield to maturity of 7.73%. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?
A) $953.28
B) $963.88
C) $1,108.16
D) $1,401.26
E) $1,401.86
Correct Answer:
Verified
Correct Answer:
Verified
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