A semiannual coupon bond has a 5% coupon rate, a $1,000 face value, a current value of $1,083.29, and 4 years until the first call date. What is the call price if the yield to call is 6.0%?
A) $1,000
B) $1,060
C) $1,100
D) $1,125
E) $1,150
Correct Answer:
Verified
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