Multiple Choice
A bond with semi-annual coupon payments of $1,200 has three years to maturity and a yield to maturity of 10%.If the price of this bond is $20,467.11,what is its face value?
A) $27,000
B) $15,240.80
C) $12,000
D) $15,377.24
E) $20,467.11
Correct Answer:
Verified
Correct Answer:
Verified
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