Exhibit 18.1 Use the Information Below for the Following Problem(S)

question 82

Multiple Choice

Exhibit 18.1
Use the Information Below for the Following Problem(S)
A $1000 par value bond with 5 years to maturity and a 6% coupon has a yield to maturity of 8%. Interest is paid semiannually.
-Refer to Exhibit 18.1.Calculate the current price of the bond.

• A) $1579.46
• B) $918.89
• C) $789.29
• D) $1000
• E) $743.29

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