Blue Water bonds have a face value of $1,000,a coupon rate of 6.5 percent,semiannual interest payments,and mature in 11.5 years.What is the current price of these bonds if the yield to maturity is 6.36 percent?
A) $979.20
B) $984.56
C) $1,011.30
D) $1,018.27
E) $1,020.00
Correct Answer:
Verified
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