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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