Explain current market price of bond

Reference no: EM1314372

Explain Current market price of bond

An 8 percent $1000 bond matures in 13 years, pays interest semi-annually, and has a yield to maturity of 9.45%. What is the current market price of the bond?

a. $601.58
b. $892.76
c. $909.09
d. $930.75

Reference no: EM1314372

Questions Cloud

Impact on short-run phillips curve : Explain what happens to the position of the nation's short-run Phillips Curve if the following events occur:

Aggregate supply curve-equilibrium level of output : Explain what happens to the nation's aggregate supply curve, the short-run equilibrium level of output, and the price level if:

Cash flows from operating activities and net income : Cash flows from operating activities and Net income will be increased or adjusted upward and Net income will be decreased or adjusted downward.

Constructing confidence interval : Construct a 95 percent confidence interval for the population mean. Is it reasonable that the population mean is 28 weeks? Justify your answer.

Explain current market price of bond : Explain Current market price of bond and What is the current market price of the bond

Intermediate target variable of monetary policy : Explain the three criteria that are used to determine whether a particular variable is a worthy candidate to be selected as an intermediate target variable of monetary policy.

Purpose an income statement through gross profit : Purpose an income statement through gross profit and Prepare an income statement through gross profit for the year ended December 31, 2007

Computation par value of bonds : Computation par value of bonds and What is the bond's annual coupon interest rate

Confidence interval to estimate the population proportion : Would it be reasonable to conclude that the 5 percent of the employees are not able to pass the random drug test?

User Account

All Pages