A $3,000, 15 year bond with a 7.7% coupon rate was issued on July 28, 2007. It was sold on November 22, 2013 to yield the purchaser 6.9% compounded semiannually until maturity. What was the selling price of the bond? Multiple Choice $1,668.80 $3,227.80 $1,629.19 $1,665.00 $1,108.09

A $3,000, 15 year bond with a 7.7% coupon rate was issued on July 28, 2007. It was sold on November 22, 2013 to yield the purchaser 6.9% compounded semiannually until maturity. What was the selling price of the bond? Multiple Choice $1,668.80 $3,227.80 $1,629.19 $1,665.00 $1,108.09

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter11: Notes, Bonds, And Leases

Section: Chapter Questions

Problem 5Q

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Multiple Choice

$1,668.80
$3,227.80
$1,629.19
$1,665.00
$1,108.09

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