What Is the Price of the Bond in the Above

question 43

Multiple Choice

What is the price of the bond in the above question, if the market rate rises to 12% and the bond matures in 5 years? (Assume semiannual compounding) .

• A) $829.60
• B) $1,000.00
• C) $926.40
• D) $1,040.80

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