Use the following information to answer the question(s)below.
-The price today of a two-year default-free security with a face value of $1000 and an annual coupon rate of 5% is closest to:
A)$1002.78.
B)$1003.31.
C)$1028.50.
D)$1028.61.

Question

Use the following information to answer the question(s)below. 
-The price today of a two-year default-free security with a face value of $1000 and an annual coupon rate of 5% is closest to:
A)$1002.78. 
B)$1003.31. 
C)$1028.50. 
D)$1028.61.

Quizplus · Accepted Answer

The Answer of Use the following information to answer the question(s)below. 
-The price today of a two-year default-free security with a face value of $1000 and an annual coupon rate of 5% is closest to:
A)$1002.78. 
B)$1003.31. 
C)$1028.50. 
D)$1028.61.

Use the Following Information to Answer the Question(s)below