Krisbow Ltd issues a 10-year bond with an 8% coupon rate semi-annually and pays $1000 at maturity. If investors require

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answerhappygod
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Krisbow Ltd issues a 10-year bond with an 8% coupon rate semi-annually and pays $1000 at maturity. If investors require

Post by answerhappygod »

Krisbow Ltd issues a 10-year bond with an 8% coupon rate
semi-annually and pays $1000 at maturity. If investors require an
8% yield to maturity (compounded semi-annually), what price should
the bond sell for?
$543.61
$456.39
$1,000.00
$1,543.61
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