Q8- What is the current price of bond paying an 12% annual coupon, and a face value of $10,000 with 9 years to maturity if discount rate is 9%. Select one: А. $11,798.57 В. $13,798.57 С. $10,798.57 D. $12,798.57 Е. $14,798.57

Q8- What is the current price of bond paying an 12% annual coupon, and a face value of $10,000 with 9 years to maturity if discount rate is 9%. Select one: А. $11,798.57 В. $13,798.57 С. $10,798.57 D. $12,798.57 Е. $14,798.57

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

Q8- What is the current price of bond paying an 12%
annual coupon, and a face value of $10,000 with 9
years to maturity if discount rate is 9%.
Select one:
A.
$11,798.57
В.
$13,798.57
C.
$10,798.57
D.
$12,798.57
Е.
$14,798.57

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