Jtharris981 Jtharris981

25-02-2024
Business

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Rapid River, Inc, has a 7.5% coupon bond that matures in 9 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 68%?

A. $1.049.07
B. $1,046.55
C. $1,050 10
D. $1,045.18

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