You own a bond with a face value of $10 000. The bond offers a coupon...
You own a bond with a face value of $10 000. The bond offers a coupon rate of 3%, payable semi-annually, and the bond matures in exactly 12 years. Today, the yield on 12-year bonds is 4% compounded semi-annually. What would your bond be worth now on the secondary market? (Round to the nearest dollar).
A. $10,545
B. $11,002
C. $15,008
D. $9,054
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You own a bond with a face value of $10 000. The bond offers a
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