Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a bond that compounds semiannually has a face valu

A bond that compounds semiannually has a Face Value of $1,000 and maturity of 16...

70.2K

Verified Solution

Question

Finance

A bond that compounds semiannually has a Face Value of $1,000 and maturity of 16 years. Assume that its coupon rate is 6.2% and yield to maturity (YTM) is 6.48%. What is this bonds market price?

Group of answer choices

$962.24

$959.93

$973.56

$972.37

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Compare and contrast the theoretic model of behavior change with the health belief model. Have you...

Psychology
Q

After corona effects on 1.Infrastructure 2.Transport 3.Business 3.Tech companies. Consider various news sites analyse and then answer.But do not copy directly.Use...

General Management
Q

1. Forecasted Statements and Ratios Upton Computers makes bulk purchases of small computers, stocks them in conveniently...

Finance
Q

Simplify by taking roots of the numerator and denominator Assume that all expressions under the...

Basic Math
Q

The graph below represents the grades for English and History tests There appears to be...

Algebra
Q

write equation using point Slope form but in Slope intercept form 0 4 5 en

Algebra
Q

Find an equation of the line.Slope 7; through (-3,2)

Algebra
Q

On April 1. Jro Nozomi created a new tavel agency. Adventure Travel. The following transactions...

Accounting
Q

a) Calculate the total (ROI) for the year 2023 b) Calculate the return...

Accounting
Q

2. Kitchen Co., bought a big refrigerating unit for $20,000. Entity has decided to depreciate...

Accounting
Q

A local bank's advertising states: "Give us $3,000 today, and we'll pay you $300 every...

Finance
Q

Exavior Inc.'s cash flow from assets during the current year is $180 million, which is...

Finance