A $100 bond with 7% semiannual coupons matures at the end of 18 years at $105. The yield rate is 6% compounded semiannually. Find the quoted price 8.2 years after issue. Possible Answers A 109.48 В 109.63 C 110.12 D 110.21 E 111.52

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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A $100 bond with 7% semiannual coupons
matures at the end of 18 years at $105. The
yield rate is 6% compounded semiannually.
Find the quoted price 8.2 years after issue.
Possible Answers
A
109.48
В
109.63
C
110.12
D
110.21
E
111.52
Transcribed Image Text:A $100 bond with 7% semiannual coupons matures at the end of 18 years at $105. The yield rate is 6% compounded semiannually. Find the quoted price 8.2 years after issue. Possible Answers A 109.48 В 109.63 C 110.12 D 110.21 E 111.52
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