A 25-year, $1,000 par value bond has a 9.0% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 4 years from now Do not round your intermediate calculations. a. $828.62 b. $987.41 c. $897.33 Od. $909.45 Oe. $966.73 Not Answered
A 25-year, $1,000 par value bond has a 9.0% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 4 years from now Do not round your intermediate calculations. a. $828.62 b. $987.41 c. $897.33 Od. $909.45 Oe. $966.73 Not Answered
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 6FPE
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![A 25-year, $1,000 par value bond has a 9.0% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 4 years from now?
Do not round your intermediate calculations.
a. $828.62
Ob. $987.41
O c. $897.33
Od. $909.45
Oe. $966.73
Not Answered](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24389269-0f1b-455a-8ad1-41b311ab1f00%2Fc0445ed4-9138-4983-ba4c-33b5ddb6c42c%2Fno3cee_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A 25-year, $1,000 par value bond has a 9.0% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 4 years from now?
Do not round your intermediate calculations.
a. $828.62
Ob. $987.41
O c. $897.33
Od. $909.45
Oe. $966.73
Not Answered
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