QUESTION 6 A $1,000, 12-year bond carries a 3.596 semb- annual coupon. If the prevailing market rate on the date of purchase is 4,5% compounded semiannually, what is the purchase price of the bond? O 5947.93 © $908.06 O 51,254.70 O 52,180.44 O $1,097.30 need answer in PV and FV please.

QUESTION 6 A $1,000, 12-year bond carries a 3.596 semb- annual coupon. If the prevailing market rate on the date of purchase is 4,5% compounded semiannually, what is the purchase price of the bond? O 5947.93 © $908.06 O 51,254.70 O 52,180.44 O $1,097.30 need answer in PV and FV please.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 12P

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