A three-year bond has an 8.0 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 11 per
Posted: Fri Jul 01, 2022 7:48 am
A three-year bond has an 8.0 percent coupon rate and a $1,000face value. If the yield to maturity on the bond is 11 percent,calculate the price of the bond assuming that the bond makessemiannual coupon payments. Multiple Choice $949.24 $857.96$1,057.54 $925.07