Please correct answer and don't used hand raiting Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a parvalue of $1,000. The going interest rate (rd) is 6.75%, based on semiannual compounding.What is the bond's price?Select the correct answer.

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Answered: Haswell Enterprises' bonds have a…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.75%, based on semiannual compounding. What is the bond's price? Select the correct answer.