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QUESTION
A $100,000, 8% bond with interest payable quarterly is redeemable at 98(1/8) in 6 years. What is the purchase price to yield 9% compounded
A $100,000, 8% bond with interest payable quarterly is redeemable at 98(1/8) in 6 years. What is the purchase price to yield 9% compounded semi-annually?
Select one:
a. $96,470.91
b. $98,704.19
c. $94,470.19
d. $94,740.91
e. None of these answers
