What is the price of a 4-year annual pay coupon bond with a coupon of 6%? • 103.54 • 100.00 • 82.27 • 104.40

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 4MC
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What is the price of a 4-year annual pay coupon bond with a coupon of 6%?

• 103.54

• 100.00

• 82.27

• 104.40

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