8. Suppose a certain bond sold a volume of 2, 375, 000. If the bonds sold for $824.99, calculate the last price and the estimated volume for the bond table shown. LAST LAST EST VOL COMPANY (TICKER) COUPON MATURITY PRICE YIELD (000s) BOND 3.961 July 31, 2004 ? 3.027 ?? The last price was $82.499. The estimated volume was 2, 375. The last price was $2.375. The estimated volume was 82.499. O The last price was $82.499. The estimated volume was 3, 961. O The last price was $396.10. The estimated volume was 2, 375.

8. Suppose a certain bond sold a volume of 2, 375, 000. If the bonds sold for $824.99, calculate the last price and the estimated volume for the bond table shown. LAST LAST EST VOL COMPANY (TICKER) COUPON MATURITY PRICE YIELD (000s) BOND 3.961 July 31, 2004 ? 3.027 ?? The last price was $82.499. The estimated volume was 2, 375. The last price was $2.375. The estimated volume was 82.499. O The last price was $82.499. The estimated volume was 3, 961. O The last price was $396.10. The estimated volume was 2, 375.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 25P

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