The annual market interest rate (yield to maturity) on a $1,000 par value bond with a 9.0% annual coupon rate, semiannual coupon payments, and two years to maturity is 8.2%. What must its price be?
$1,014.49 |
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$1,025.53 |
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$949.61 |
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$989.06 |
Calculating Bond Price,
Using TVM Calculation,
PV = [FV = 1,000, PMT = 45, N = 4, I = 0.082/2]
PV = $1,014.49
Bond Price = $1,014.49
The annual market interest rate (yield to maturity) on a $1,000 par value bond with a...
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