You are eyeing an investment in a corporate bond which has a YTM of 9.97%, and a
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Question:
You are eyeing an investment in a corporate bond which has a YTM of 9.97%, and a stated rate of interest of 14.08% with a maturity of 5 years. What is the price of this bond?
a. $1,702.80 | ||
b. $1,158.80 | ||
c. $888.84 | ||
d. $1,155.92 |
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