Question: I know the answer is A. But im confused as to why since I dont know how to find I/Y(rate) For the next four questions,

I know the answer is A. But im confused as to why since I dont know how to find I/Y(rate)

For the next four questions, please use the following bond information: Rosenworcel Corp. has a $1,000 par value bond with a 5% coupon rate (paid semiannually) and a fifteen year maturity. Let's assume that the market believes the Yield to Maturity on this bond should be 6%. 9. Assuming that the bond was just issued, calculate the current market price of the bond. a. $902.00 b. $1,238.76 c. $1,245.27 d. $1,392.01

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1. Which position would you take?

4. Is your choice different from that which you would recommend to Laura?

3. How does this fit with your preferences, career anchors, and values?