The Echo bond is a 6% coupon bond with semi-annual coupon payments that matures in 15 years.

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The Echo bond is a 6% coupon bond with semi-annual coupon payments that matures in 15 years. If the YTM for this bond is 4%, what is the value of the bond?
A. $1,271.26.
B. $1,272.92.
C. $1,222.37.
D. $1,223.96.

Related Book For answer-question

Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Jun 21, 2022 07:33 AM

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The Echo bond is a 6% coupon bond with semi-annual coupon payments that matures in 15 years.

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Calculate the present value of the bond as follows fx PV421521000621000 PV Rate 42 002 Npe... View the full answer

Fundamentals of Investing

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