The market price of an $800,000, ten-year, 12% (pays interest semiannually) bond

Question

The market price of an $800,000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is $899,698. $906,616. $1,497,888. $898,312. The market price of an $800,000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is $899,698. $906,616. $1,497,888. $898,312. The market price of an $800,000, ten-year, 12% (pays interest semiannually) bond issue sold to yield an effective rate of 10% is

1-$899,698.

2- $906,616.

3- $1,497,888.

4- $898,312.

Explanation / Answer

ANSWER:

1-$899,698.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.