FINANCE 320 – What must be the price of a $2,000 bond with a 6.3?% coupon? rate
What must be the price of a $2,000 bond with a 6.3?% coupon? rate, annual? coupons, and 20 years to maturity if YTM is 8.7% ?APR?
A.
$1,241.84
B.
$1,552.30
C.
$2,173.22
D.
$ 1,862.76
