Business, 24.11.2020 23:10 theamandawhite

Kevin Rogers is interested in buying a five-year bond that pays a coupon of 10 percent on a semiannual basis. The current market rate for similar bonds is 8.8 percent. What should be the current price of this bon? a. $1, 099.
b. $982
c. $1.048
d. $965

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