9. A semi-annual coupon bond with annual coupon rate 10% has a yield to maturity of 7% and a par value of $1,000. If the bond matures in 16 years, it should sell for a price of A. $958.03 B. $1037.03 C. $1189.03 D. $1286.03 today. F

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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9. A semi-annual coupon bond with annual coupon rate 10% has a yield to maturity of
7% and a par value of $1,000. If the bond matures in 16 years, it should sell for a price of
A. $958.03
B. $1037.03
C. $1189.03
D. $1286.03
today.
F
Transcribed Image Text:9. A semi-annual coupon bond with annual coupon rate 10% has a yield to maturity of 7% and a par value of $1,000. If the bond matures in 16 years, it should sell for a price of A. $958.03 B. $1037.03 C. $1189.03 D. $1286.03 today. F
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