The price per $100 face value of a two-year, risk-free coupon bond paying 10% annual coupons is closest to:
A. $93.35
B. $103.11
C. $113.21
D. $113.39
Answer:C
The price per $100 face value of a two-year, risk-free coupon bond paying 10% annual coupons is closest to:
A. $93.35 B. $103.11 C. $113.21 D. $113.39