A bond maturing in 7 years has a yield to maturity of 3.4%, an annual coupon...
A bond maturing in 7 years has a yield to maturity of 3.4%, an annual coupon rate of 4% paid biannually, and a face value of $10,000. What is the value today?
A. 9,937.77
B. 10,998.32
C. 9,818.10
D. 9,735.42
E. 10,370.97
Homework Answers
Hence, correct option is $10,370.97
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