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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%? 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

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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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
Transcribed Image Text: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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