Assume a par value of $1,000. Caspian Sea plans to issue a 23.00 year, annual pay bond that has a coupon rate of 5.00%. If the yield to maturity for the bond is 5.0%, what will the price of the bond be? Submit

Assume a par value of $1,000. Caspian Sea plans to issue a 23.00 year, annual pay bond that has a coupon rate of 5.00%. If the yield to maturity for the bond is 5.0%, what will the price of the bond be? Submit

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

# 25
Assume a par value of $1,000. Caspian Sea plans to
issue a 23.00 year, annual pay bond that has a coupon
rate of 5.00%. If the yield to maturity for the bond is
5.0%, what will the price of the bond be?
Submit
Answer format: Currency: Round to: 2 decimal places.
unanswered
not_submitted
Attempts Remaining: Infinity

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