If you have a bond with a price of $1,271.81, coupon of 12%, and the market interest rate is 8%, what is the term of the bond? Question 22 options: 20 years 10.2 years 10 years 3.83 years
If you have a bond with a price of $1,271.81, coupon of 12%, and the market interest rate is 8%, what is the term of the bond? Question 22 options: 20 years 10.2 years 10 years 3.83 years
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
If you have a bond with a price of $1,271.81, coupon of 12%, and the market interest rate is 8%, what is the term of the bond?
Question 22 options:
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20 years |
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10.2 years |
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10 years |
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3.83 years |
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