Stingray Corporation's 5.1% bonds have a par value of $1,000 and pay interest semi-annually. If the bonds mature in 29 years and have a yield to maturity of 4.4%, how much should they sell for? Question 3 options: $1,114.06 $1,147.48 $1,024.94 $1,047.22
Stingray Corporation's 5.1% bonds have a par value of $1,000 and pay interest semi-annually. If the bonds mature in 29 years and have a yield to maturity of 4.4%, how much should they sell for? Question 3 options: $1,114.06 $1,147.48 $1,024.94 $1,047.22
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
Stingray Corporation's 5.1% bonds have a par value of $1,000 and pay interest semi-annually. If the bonds mature in 29 years and have a yield to maturity of 4.4%, how much should they sell for?
Question 3 options:
|
$1,114.06
|
|
$1,147.48
|
|
$1,024.94
|
|
$1,047.22
|
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