What Must Be the Price of a $1000 Bond with a 5.8

question 19

Multiple Choice

What must be the price of a $1000 bond with a 5.8% coupon rate,annual coupons,and 30 years to maturity if YTM is 7.5% APR?

• A)$114.22
• B)$685.00
• C)$799.22
• D)$1005.26

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