Plymouth Fountains Inc.has issued 30-year semiannual coupon bonds with a face value of $1,000.If the annual coupon rate is 6% and the current yield to maturity is 7%,what is the firm's current price per bond?
A) $875.28
B) $1,000.00
C) $934.34
D) $466.79
Correct Answer:
Verified
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