An analyst observes a 5 year, 11% semi-annual bond which has a face value of...
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Finance
An analyst observes a 5 year, 11% semi-annual bond which has a face value of $1000. The analyst believes that the yield-to-maturity on the bond should be 15% annually. Based on this, what should be the price of the bond? A - The price of the bond is $377.52. B - The price of the bond is $432.52. C - The price of the bond is $540.19. D - The price of the bond is $862.72.
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