Bond pays interest semiannually and matures in twelve years

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Reference no: EM131462021

A company offers a 6% coupon bond with a yield-to-maturity of 6.5% compounded semiannually. The bond pays interest semiannually and matures in twelve years. If the par value is $1,000, then what is the current bond price?

a) $958.78

b) $959.21

c) $1,042.34

d) $1,453.43

e) $1,720.00

Reference no: EM131462021

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