14. Suppose you bought a 2-year 4% annual coupon bond, with face value equal to $1000, and a YTM of 4%. What is the price of the bond? A. 1000 B. 961.54 C. 924.56 D. 998.52 E. 875.44
14. Suppose you bought a 2-year 4% annual coupon bond, with face value equal to $1000, and a YTM of 4%. What is the price of the bond? A. 1000 B. 961.54 C. 924.56 D. 998.52 E. 875.44
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
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Transcribed Image Text:14. Suppose you bought a 2-year 4% annual coupon bond, with face value equal to $1000, and a YTM of
4%. What is the price of the bond?
A. 1000
B. 961.54
C. 924.56
D. 998.52
E. 875.44
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