Cornerstone supply offers 6 percent coupon bonds with, Ask an Expert

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Cornerstone Supply offers 6 percent coupon bonds with semiannual payments and a yield to maturity of 5.6 percent. The bonds mature in 10 years. What is the market price per bond if the face value is $1,000?

a. 967.24

b. 991.47

c. 996.48

d. 1002.60

e. 1030.31

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92403957

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