66. A bond that matures in 12 years has a 9 percent semiannual coupon (i.e., the bond pays a $45 coupon every six months) and a face value of $1,000. The bond has a nominal yield to maturity of 8 percent. What is the price of the bond today? a. $ 927.52 b. $ 928.39 c. $1,073.99 d. $1,075.36 e. $1,076.23

66. A bond that matures in 12 years has a 9 percent semiannual coupon (i.e., the bond pays a $45 coupon every six months) and a face value of $1,000. The bond has a nominal yield to maturity of 8 percent. What is the price of the bond today? a. $ 927.52 b. $ 928.39 c. $1,073.99 d. $1,075.36 e. $1,076.23

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A 251.
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