Determine the Selling Price, Per $1,000 Maturity Value, of a 10-Year

question 100

Multiple Choice

Determine the selling price, per $1,000 maturity value, of a 10-year, 4.885% bond, with a yield of 4.890%. (Assume twice-yearly interest payments.) Round your answer to the nearest cent. ​

• A)$999.61
• B) $382.75
• C) $1,002.60
• D) $621.45
• E) $616.86

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