Wing Sze buys a $1,000.00 bond maturing in 19 years with a 1.500% coupon. The bond is priced to yield 7.250% compounded weekly. How much does she pay? a.P = $420.61. b.P = $355.90. c.P = $432.75. d.P = $368.04. e.P = $404.44.
Wing Sze buys a $1,000.00 bond maturing in 19 years with a 1.500% coupon. The bond is priced to yield 7.250% compounded weekly. How much does she pay? a.P = $420.61. b.P = $355.90. c.P = $432.75. d.P = $368.04. e.P = $404.44.
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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Wing Sze buys a $1,000.00 bond maturing in 19 years with a 1.500% coupon. The
a.P = $420.61.
b.P = $355.90.
c.P = $432.75.
d.P = $368.04.
e.P = $404.44.
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