bobcatmom24291 bobcatmom24291

26-03-2024
Business

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A $1,000 Expo Corp. bond has a coupon rate of 5%, pays interest semiannually, and matures in six years. If the yield to maturity is 7%, what is the bond’s value today?

a) $913.98
b) $850.34
c) $1012.54
d) $954.28

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