What Is the Purchase Price of a Bond That Has

question 30

Multiple Choice

What is the purchase price of a bond that has 4 years and 6 months until it matures? The face value of the bond is $3000 and the coupon rate is 5.2% compounded semi-annually. The yield rate is 7.5% compounded semi-annually.

• A) $2740.53
• B) $2440.53
• C) $2770.53
• D) $2447.53
• E) $2547.53

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