A 10-Year Treasury Bond with Par Value of $1,000 Has

question 69

Multiple Choice

A 10-year Treasury bond with par value of $1,000 has a 6% coupon rate and pays interest every six months.The bond is three years old and has just made its sixth payment.The market now only requires a 5% return on the bond.What is the expected price of the bond?

• A) $802.03
• B) $1,058.45
• C) $1,077.95
• D) $1,350.73

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