A bond pays 9% yearly interest in semi-annual payments for 6 years.The current yield on similar bonds is 12%.To determine the market value of this bond,you must:
A) find the interest factors (IFs) for 12 periods at 12%.
B) find the interest factors (IFs) for 6 periods at 9%.
C) find the interest factors (IFs) for 6 periods at 6%.
D) find the interest factors (IFs) for 12 periods at 6%.
Correct Answer:
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