A 15-year corporate bond pays $40 interest every six months. What is the bond's price if the bond's promised ytm is 5.5%?
A) $1261.32
B) $1253.12
C) $1250.94
D) $1263.45
E) $1264.79 Price = 40* PVIFA (2.75%, 30) + 1000 * PVIF (2.75%, 30)
Correct Answer:
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