Match the bond price to the description. Each of these bonds pays interest semi-annually.
- A. B. C. D. E. A 15-year bond with a $1,000 par value, and coupon rate of 6.90%, and a yield to maturity of 6.92%.
- A. B. C. D. E. A 5-year bond with a $1,000 par value, and coupon rate of 6.70%, and a yield to maturity of 6.92%.
- A. B. C. D. E. A 18-year bond with a $1,000 par value, and coupon rate of 5.00%, and a yield to maturity of 6.11%.
- A. B. C. D. E. A 5-year bond with a $1,000 par value, and coupon rate of 4.20%, and a yield to maturity of 7.84%.
- A. B. C. D. E. A 5-year bond with a $1,000 par value, and coupon rate of 5.20%, and a yield to maturity of 7.29%.
A. $913.72 B. $879.82 C. $851.79 D. $998.15 E. $990.83