Question

Whatever, Inc., has a bond outstanding with a coupon rate of 5.78 percent and semiannual payments....

Whatever, Inc., has a bond outstanding with a coupon rate of 5.78 percent and semiannual payments. The yield to maturity is 6.5 percent and the bond matures in 22 years. What is the market price if the bond has a par value of $1,000?

$918.97

$916.95

$917.76

$934.68

$916.35

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Answer #1

The market price of bond has been calculated using PV function in EXCEL

the correct option is $916.35

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