with a coupon that pays Disney issued a 30-year bond with a par value of $1,000, last year, $35 annually. At the time of issue, the bonds sold at par. Assuming semi-annual payments and a 4.125% yield to maturity, what is the current price of the arm's bonds? (Select the closest number) a. $978.59 b. $978.97 C. $978.79

with a coupon that pays Disney issued a 30-year bond with a par value of $1,000, last year, $35 annually. At the time of issue, the bonds sold at par. Assuming semi-annual payments and a 4.125% yield to maturity, what is the current price of the arm's bonds? (Select the closest number) a. $978.59 b. $978.97 C. $978.79

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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