Roadside Markets has a 7.0 percent coupon bond outstanding that matures in 20 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 6.0 percent? $993.77 $1,059.83 $1,171.57 $1,000.98 $1,115.57

Roadside Markets has a 7.0 percent coupon bond outstanding that matures in 20 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 6.0 percent? $993.77 $1,059.83 $1,171.57 $1,000.98 $1,115.57

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

Roadside Markets has a 7.0 percent coupon bond outstanding that matures in 20
years. The bond pays interest semiannually. What is the market price per bond if the
face value is $1,000 and the yield to maturity is 6.0 percent?
$993.77
$1,059.83
$1,171.57
$1,000.98
$1,115.57

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