Oogle Corp.has decided to do things differently with respect to their corporate bond issue.They have a bond outstanding that makes quarterly coupon payments instead of SEMIANNUALLY.The stated coupon rate on the bond is 10% and the yield to maturity on the 5-year bond is 12%.What is the price of the bond?
A) $927.90
B) $926.40
C) $925.61
D) none of the above
Correct Answer:
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