Media Properties has a 4.30% coupon bond outstanding that was issued 5 years ago with an original maturity of 15 years. The bond pays interest semi-annually. What is the market price of the bond if the par value is $1000 and the yield to maturity is 5.61% ? A. $900.77 B. $868.32 C. $843.89 D. $ 968.67 E. $1,111.82

Media Properties has a 4.30% coupon bond outstanding that was issued 5 years ago with an original maturity of 15 years. The bond pays interest semi-annually. What is the market price of the bond if the par value is $1000 and the yield to maturity is 5.61% ? A. $900.77 B. $868.32 C. $843.89 D. $ 968.67 E. $1,111.82

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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