Multiple Choice
A $1000 bond,paying semi-annual coupons at j2 = 7%,is redeemable in 5 years.It is purchased for $966.20 to yield j2 = 8%.What is the bond redeemable at? (Answer to the nearest whole number. )
A) 101
B) 100
C) 96
D) 95
Correct Answer:
Verified
Correct Answer:
Verified
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