Use of Financial Calculator TI BA II Plus Required

question 106

Multiple Choice

Use of Financial Calculator TI BA II Plus required. A Government of Canada bond has a 6 percent coupon which pays semi-annually and matures in 11 years. If interest rates have declined to 5.4 percent for similar bonds what should be the price for this bond? (Assume $1000 par value)

• A)$1006.99
• B)$1048.81
• C)$1031.62
• D)$1049.28

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