A ten-year bond has a par value of $1,000; a 7.5 percent coupon rate; and a yield to maturity of 8.25 percent. Assuming the coupons are paid semi-annually, the market price is closest to:

Name: A ten-year bond has a par value of $1,000; a 7.5 percent coupon rate; and a yield to maturity of 8.25 percent. Assuming the coupons are paid semi-annually, the market price is closest to:
Brand: Quizplus
Rating: 4.7 (51 reviews)

Question

Quizplus · Accepted Answer

The Answer is A

A Ten-Year Bond Has a Par Value of $1,000; a 7.5