Price the following bond


Question: Price the following Bond:

YTM=8 percent annual

FV=1,000

N=15 years

Coupon= 9 percent semi-annual

[This bond pays every six months. Make the right adjustments to the data]

(A) 990

(B) 975

(C) 1,120

(D) 1,086

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Finance Basics: Price the following bond
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