QUESTION 6 A $1,000, 12-year bond carries a 3.596 semb- annual coupon. If the prevailing market rate on the date of purchase is 4,5% compounded semiannually, what is the purchase price of the bond? O 5947.93 © $908.06 O 51,254.70 O 52,180.44 O $1,097.30 need answer in PV and FV please.
QUESTION 6 A $1,000, 12-year bond carries a 3.596 semb- annual coupon. If the prevailing market rate on the date of purchase is 4,5% compounded semiannually, what is the purchase price of the bond? O 5947.93 © $908.06 O 51,254.70 O 52,180.44 O $1,097.30 need answer in PV and FV please.
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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