Company A has issued 15-year coupon bonds with a face value of $1,000 and a 6.75 percent coupon rate. The bonds pay annually. How much would you pay…

Company A has issued 15-year coupon bonds with a face value of $1,000 and a 6.75 percent coupon rate. The bonds pay annually. How much would you pay for one of these bonds if you require a 7.5 percent yield to maturity?

A.$933.80

B.$927.40

C.$1,066.20

D.$1,072.60

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