Consider a 24-year, 8.1% coupon rate, $1,000 face value bond that pays quarterly coupons. How much is this bond worth if its yield to maturity is 4.6%? O a. $647.7 O b. $1,204.1 O c. $969.0 O d. $1,269.8 e. $1,507.0 f. $1,039.0 g. $1,245.9 h. $1,326.8

Consider a 24-year, 8.1% coupon rate, $1,000 face value bond that pays quarterly coupons. How much is this bond worth if its yield to maturity is 4.6%? O a. $647.7 O b. $1,204.1 O c. $969.0 O d. $1,269.8 e. $1,507.0 f. $1,039.0 g. $1,245.9 h. $1,326.8

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 4MC

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Consider a 24-year, 8.1% coupon rate, $1,000 face value bond that pays quarterly coupons. How much is this bond worth if its yield to maturity is 4.6%?
a. $647.7
b. $1,204.1
c. $969.0
d. $1,269.8
e. $1,507.0
f. $1,039.0
O g. $1,245.9
O h. $1,326.8

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