A P 1, 000, 6% bond pays dividend semiannually and w... - Solved MCQs & Answer

941Civil EngineeringMedium

A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond?

AP 1,144.81

BP 1,155.06

CP 1,122.70

DP 1,133.78

Correct answer

A. P 1,144.81

Explanation

The correct answer is P 1,144.81.

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