Question

Kasey Corp. has a bond outstanding with a coupon rate of 5.58 percent and semiannual payments....

Kasey Corp. has a bond outstanding with a coupon rate of 5.58 percent and semiannual payments. The bond has a yield to maturity of 6.8 percent, a par value of $2,000, and matures in 12 years. What is the quoted price of the bond?

Multiple Choice

  • 91.90

  • 90.10

  • 1,982.22

  • 90.36

  • 1,802.01

0 0
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Answer #1

If Semi Annual Coupon Nper Pmt Pmt Nper 12*2 2000*0.0558*1/2 0.068*1/2 $ Pv 24 55.80 0.0340 2,000.00 payment Number of period

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