A bond has a 1000 par value ten years to maturity and pays, Ask an Expert

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A bond has a $1,000 par value, ten years to maturity, and pays a coupon of 6.0% per year, semiannually. The bond is callable in five years at 105% of its par value. If the bond’s yield to maturity is 5.7% per year, what is its value?

1) $1,015.98

2) $1,012.45

3) $1,101.34

4) $1,022.63

5) $1,027.50

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92410994

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