A 7 semiannual coupon and a par value of 1000 the going

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Yest Corporation's bonds have a 15-year maturity, a 7% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6%, based on semiannual compounding. What is the bond's price?

a. $1,008.65
b. $1,024.67
c. $1,051.34
d. $1,098.00
e. $1,105.78

Reference no: EM13568577

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