The 5.3 percent bond of Dominic Cycle Parts has a face value of $1,000, a maturity of 12 years, semiannual interestpayments, and a yield to maturity of 6.12 percent. What is the current market price of the bond?O$959.33O$912.40$931.01$945.08O$1.072.13

Price of the bond is the PV of all future coupons and par value discounted at the YTM.

The 5.3 percent bond of Dominic Cycle Parts has a face value of $1,000, a maturity of 12 years, semiannual inter payments, and a yield to maturity of 6.12 percent. What is the current market price of the bond?

The 5.3 percent bond of Dominic Cycle Parts has a face value of $1,000, a maturity of 12 years, semiannual inter payments, and a yield to maturity of 6.12 percent. What is the current market price of the bond?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 6FPE

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Question

The 5.3 percent bond of Dominic Cycle Parts has a face value of $1,000, a maturity of 12 years, semiannual interest
payments, and a yield to maturity of 6.12 percent. What is the current market price of the bond?
O$959.33
O$912.40
$931.01
$945.08
O$1.072.13

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