What Is the Value of a Six-Year,6% Semiannual Bond If

question 50

Multiple Choice

What is the value of a six-year,6% semiannual bond if market yields on similar bonds are 4%? The face value of the bond is $1,000.

• A) $1,099.26
• B) $1,028.17
• C) $1,104.83
• D) $1,105.75
• E) $1,000.02

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