A $1,000 Face Value Bond Currently Has a Yield to Maturity

question 119

Multiple Choice

A $1,000 face value bond currently has a yield to maturity of 6.03 percent.The bond matures in thirteen years and pays interest semiannually.The coupon rate is6.25percent.What is the current price of this bond?

• A)$ 987.42
• B)$980.02
• C)$1,005.26
• D)$1,019.63
• E)$1,011.69

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