QUESTION 13 A coupon bond has an ask price of 106%. If the last semi-annual...
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QUESTION 13 A coupon bond has an ask price of 106%. If the last semi-annual coupon payment was made one month ago and the coupon rate is 9%, what is the full price of the bond? a. $1,067.50. b. $1,075.00 O c. $1,090.00 d. $1,105.00. QUESTION 14 When $100,000 of 5% annual interest, 20-year bonds are issued at 98%, what will be the total interest expense for the bond issue? a. $50,000 b. $98,000 C. $100,000 d. $102,000
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