Transocean Ltd issues a 9 percent coupon bond with 18 years maturity, $1,000 face (par) value, and semi-annual payments. If the yield to maturity of this bond is 6 percent, find the bond's price.
A. $1,182.26
B. $1,300.49
C. none of the answers is correct
D. $1,335.73
E. $1,327.48
Answers: 2
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Transocean Ltd issues a 9 percent coupon bond with 18 years maturity, $1,000 face (par) value, and s...
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