The Goodie Barn has a 7% coupon bond outstanding that matures in 13.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to
Maturity is 14.78%?
A) $255.27
B) $550.40
C) $674.66
D) $954.92
E) $967.38
Correct Answer:
Verified
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