Answered

A company issued a 10-year bond three years ago that was priced at $1,012. The bond has a face value of $1,000 and a coupon rate of 9.5%. If interest rates have decreased by 1%, what is the price of this bond? (Assume coupons are paid annually)
a) $1,056.52
b) $1,070.22
c) $1,084.34
d) $1,098.89

Answer :

Other Questions