What Must Be the Price of a $10,000 Bond with a 6.5

question 83

Multiple Choice

What must be the price of a $10,000 bond with a 6.5% coupon rate,semi-annual coupons,and two years to maturity if it has a yield to maturity of 8% APR?

• A)$9727.76
• B)$9819.74
• C)$10,619.63
• D)$10,754.44
• E)$8816.59

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