Answered: A two-year coupon bond has a face value…

A two-year coupon bond has a face value of $1,000, a coupon rate of 5% and a yield to maturity of 5%. What is the price of the bond? (Select nearest answer)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Solve it correctly please. I

A two-year coupon bond has a face value of
$1,000, a coupon rate of 5% and a yield to
maturity of 5%. What is the price of the
bond? (Select nearest answer)
Question 1 options:
$1,078
$1,058
$944
$1,000

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