Sony company has zero-coupon bonds maturing in 2040. The yield to maturity for these bonds is 6%. Assume that the face of the bond is OMR 100. What is the price of bond in 2020? a. OMR 94.339 b. OMR 31.181 c. OMR 30.656 d. OMR 59.189
Sony company has zero-coupon bonds maturing in 2040. The yield to maturity for these bonds is 6%. Assume that the face of the bond is OMR 100. What is the price of bond in 2020? a. OMR 94.339 b. OMR 31.181 c. OMR 30.656 d. OMR 59.189
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
Problem 8P
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Q12
Sony company has zero-coupon bonds maturing in 2040. The yield to maturity for these bonds is 6%. Assume that the face of the bond is OMR 100. What is the price of bond in 2020?
a.
OMR 94.339
b.
OMR 31.181
c.
OMR 30.656
d.
OMR 59.189
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