A five-year bond with a $1,000 face value has a yield to maturity is 5.0% and it's coupon rate is 6.0% paid annually. The dirty price of this bond exactly 6 months after its second coupon payment is closest to ________
A) $1087.23
B) $1147.23
C) $1027.23
D) $1057.23
Answer: D
Business
You might also like to view...
The selling concept holds that consumers will favor those products that offer the most quality, performance, or innovative features
Indicate whether the statement is true or false
Business
The hypothesis statement is an example of a two-tail hypothesis test
Indicate whether the statement is true or false
Business