A bond with two years remaining until maturity offers a 3% coupon rate with interest paid annually.
Question:
A bond with two years remaining until maturity offers a 3% coupon rate with interest paid annually. At a market discount rate of 4%, the price of this bond per 100 of par value is closest to:
A. 95.34.
B. 98.00.
C. 98.11.
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The correct answer is C 9811 To calculate the price of a bond we need to consider the present value ...View the full answer
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