Consider a 6-year corporate bond issued by Vandelay Industries.The bond has a face value of $1,000,and has an annual coupon rate of 6.8%.The yield to maturity of the bond is 8.2%.What is the fair price for the bond today?
A) $961.29
B) $935.67
C) $1000.92
D) $1000.00
E) $623.21
Correct Answer:
Verified
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