A 5-year bond has a $1,000 par value bond,a 12% coupon and a yield to maturity of 8%.Interest is paid semiannually.The bond's price is
A) $864.65
B) $1081.78
C) $852.80
D) $1162.22
E) None of the above
Correct Answer:
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Q82: Exhibit 18.2
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