An annual coupon bond has the same coupon rate maturity
A 10-year, 9% semiannual coupon bond is selling at par. An annual coupon bond has the same coupon rate, maturity, risk and par value. What would be the price of the annual coupon bond?
a. $471.87. b.967.34. c. 987.12. d. 1000. c. 1089.84
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