Question: please help! 18. A bond issued by Geo-Shock Inc. has 7 years remaining until maturity. The par value of the bond is $1,000, the coupon
please help!
18. A bond issued by Geo-Shock Inc. has 7 years remaining until maturity. The par value of the bond is $1,000, the coupon rate is 7.40% and is paid semi-annually. The yield-to-maturity is 7.21%. The bond should sell for S a. 1,004.35 b. 1,015.23 c. 1,026.10 d. 1,034.37 e. 1,010.30
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