a-4-year-bond-pays-a-50-coupon-annually-and-1000-principal-at-maturity-if-the-ma

Question

A 4-year bond pays a $$50 coupon annually and 1$$,000 principal at maturity. If the market interest rate is 6%, what is the price of the bond?

Accepted Answer

$965.34

Answer

$1,050.00

Answer

$1,000.00

Answer

$900.00

A 4-year bond pays a \$50 coupon annually and \$1,000 principal at maturity. If the market interest rate is 6%, what is the price of the bond?