The price of a corporate bond which has a par value of $1000 and coupon payment is 8% and yield is 5%. The maturity of the bond is 10 years will be? O a. Lower than the par value O b. Equal the par value O c. Higher than the par value
The price of a corporate bond which has a par value of $1000 and coupon payment is 8% and yield is 5%. The maturity of the bond is 10 years will be? O a. Lower than the par value O b. Equal the par value O c. Higher than the par value
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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