Currently the yields for fixed-interest euromarket securities (MTNs) are 6.5% per annum.An existing MTN with a face value of USD 1 million,paying 7.3% per annum coupons and maturing in three years trades currently at a price of:
A) $982 371.28
B) $1 000 000.00
C) $1 049 367.68
D) $1 678 976.97
Correct Answer:
Verified
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