An 8% $200,000 bond has exactly 9 years to maturity and pays semi-annually. What is the price of the bond if the yield is 6.84%pa? Give your answer correct to 2 decimal places, with no need for the dollar ($) sign.

An 8% $200,000 bond has exactly 9 years to maturity and pays semi-annually. What is the price of the bond if the yield is 6.84%pa? Give your answer correct to 2 decimal places, with no need for the dollar ($) sign.

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

Problem 1PS

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Question

An 8% $200,000 bond has exactly 9 years to maturity and
pays semi-annually. What is the price of the bond if the yield
is 6.84%pa?
Give your answer correct to 2 decimal places, with no need
for the dollar ($) sign.

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