Consider a six-year maturity, $100,000 face value bond that pays a 5 percent fixed coupon annually. What is the price of the bond if market interest rates are 4 percent?
A) $105,816.44.
B) $105,287.67.
C) $105,242.14.
D) $100,000.00.
E) $106,290.56.
Correct Answer:
Verified
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