Sony company has zero-coupon bonds maturing in 2040. The yield to maturity for these bonds is 6%. Assume that the face of the bond is OMR 100. What is the price of bond in 2020? a. OMR 94.339 b. OMR 31.181 c. OMR 30.656 d. OMR 59.189

Sony company has zero-coupon bonds maturing in 2040. The yield to maturity for these bonds is 6%. Assume that the face of the bond is OMR 100. What is the price of bond in 2020? a. OMR 94.339 b. OMR 31.181 c. OMR 30.656 d. OMR 59.189

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Q12

Sony company has zero-coupon bonds maturing in 2040. The yield to maturity for these bonds is 6%. Assume that the face of the bond is OMR 100. What is the price of bond in 2020?

OMR 94.339

OMR 31.181

OMR 30.656

OMR 59.189

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