A three-year bond with 10 percent coupon rate and $1,000 face value yields 8 percent. Assuming annual coupon payments, calculate the price of the bond.
A: $857.96
B: $951.96
C: $1,000.00
D: $1,051.54
A: $857.96
B: $951.96
C: $1,000.00
D: $1,051.54
举一反三
- The duration of a ten - year, 10 percent coupon bond when the interest rate is 10 percent is 6.76 years. What happens to the price of the bond if the interest rate falls to 8 percent?
- Which of the following $1,000 face-value securities has the highest yield to maturity?? ; ;A 15 percent coupon bond selling for $1,000|;A 5 percent coupon bond selling for $1,000|A 10 percent coupon bond selling for $1,000|;A 15 percent coupon bond selling for $900
- If a $5,000 coupon bond has a coupon rate of 13 percent, then the coupon payment every year is _________.
- The value of a 10-year, 6% coupon $100 par value bond with semiannual payments, assuming an annual discount rate of 7%, is closest to
- A five-year treasury bond with a coupon rate of 8 percent has a face value of $1,000. What is the semiannual interest payment? A: $80 B: $40 C: $100 D: $50