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A bond has a face value of $10,000. The bond has a coupon Pate of annually. The bond matures in 10 years. The yield on the bond is 7.0%. What is the current price of the bond? $10,710.62 $10,000.00 $10,700.00 $10,702.36

A bond has a face value of $10,000. The bond has a coupon Pate of annually. The bond matures in 10 years. The yield on the bond is 7.0%. What is the current price of the bond? $10,710.62 $10,000.00 $10,700.00 $10,702.36

Essentials Of Investments
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
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D A bond has a face value of $10,000. The bond has a coupon rate of 8.0% and pays interest annually. The bond matures in 10 years. The yield on the bond is 7.0%. What is the current price of the bond? $10,710.62 $10,000.00 $10.700.00 $10,702.36 Question 4 A bond has a face value of $10,000. The bond matures in 15 years. The coupon rate on the bond is 7.00%. The Yield is 6.00%. Which of the following is true about the current price of the bond? There is no way to calculate the price of the bond The price will be the same as face value The price will be lower than face value The price will be higher than face value
Transcribed Image Text:D A bond has a face value of $10,000. The bond has a coupon rate of 8.0% and pays interest annually. The bond matures in 10 years. The yield on the bond is 7.0%. What is the current price of the bond? $10,710.62 $10,000.00 $10.700.00 $10,702.36 Question 4 A bond has a face value of $10,000. The bond matures in 15 years. The coupon rate on the bond is 7.00%. The Yield is 6.00%. Which of the following is true about the current price of the bond? There is no way to calculate the price of the bond The price will be the same as face value The price will be lower than face value The price will be higher than face value
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