What is the approximate price of a $10,000 coupon bond that pays $1,00
What is the approximate price of a $10,000 coupon bond that pays $1,000 in one year and $1,000 in two years at maturity? The effective yield on the bond is 6 percent.
A) $10,000
B) $10,730
C) $10,900
D) $12,000
ANSWER
B
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