How much did ms roberts pay for the bond

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Question - Julia Roberts just purchased a $1,000 par value bond with a 1o percent annual coupon rate and a life of twenty years. The bond has four years remaining until maturity, and the yield to maturity is 12 percent. How much did Ms. Roberts pay for the bond?

a. $1,000

b. $1,063.40

c. $939.25

d. None of these choices are correct.

Reference no: EM132179973

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