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

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

Section: Chapter Questions

Problem 1Q

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Question

answer must be correct or i will give down vote

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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