Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 10.5 years.The bond pays interest semiannually.What is the market price per bond if the face value is $1,000 and the yield to maturity is 7.2 percent?
A) $899.80
B) $899.85
C) $903.42
D) $967.24
E) $1,007.52
Correct Answer:
Verified
Q90: Greenbrier Industrial Products' bonds have a 7.60
Q91: The zero coupon bonds of D&L Movers
Q92: Blackwell bonds have a face value of
Q93: Redesigned Computers has 6.5 percent coupon bonds
Q94: Oil Well Supply offers 7.5 percent coupon
Q96: A 10-year,4.5 percent,semiannual coupon bond issued by
Q97: The 7 percent,semi-annual coupon bonds offered by
Q98: The outstanding bonds of The River Front
Q99: The Corner Grocer has a 7-year,6 percent
Q100: A Treasury bond is quoted at a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents