A semi-annual coupon bond has a 6 percent coupon rate,a $1,000 face value,a current value of $1,036.09,and 3 years until the first call date.What is the call price if the yield to call is 6.5 percent?
A) $1,000
B) $1,020
C) $1,040
D) $1,060
E) $1,080
Correct Answer:
Verified
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