Party Time, Inc

question 51

Multiple Choice

Party Time, Inc. has a 6% coupon bond that matures in 11 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 12.9%?

• A) $434.59
• B) $580.86
• C) $600.34
• D) $605.92
• E) $947.87

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Definitions:

Agent's Employment

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Authority

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