Question: References Multiple Choice Learning Objective 07-02 Bond values and yields and why they fluctuate. o2% Difficulty: Basic Section: 7.1 Bonds and Bond Valuation n3268 Award:

why they fluctuate. o2% Difficulty: Basic Section: 7.1 Bonds and Bond Valuation

n3268 Award: 0.45 points Oil Wells offers 6.5 percent coupon bonds with

semiannual payments and a yield to maturity of 6.94 percent The bonds

References Multiple Choice Learning Objective 07-02 Bond values and yields and why they fluctuate. o2% Difficulty: Basic Section: 7.1 Bonds and Bond Valuation n3268 Award: 0.45 points Oil Wells offers 6.5 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent The bonds mature in seven years. What is the market price per bond if the face value is $1,000? O $989.70 $975.93 O $996.48 P/Y=2 face value = O $996.48 O $902.60 PV =

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