J& j manufacturing issued a bond with a $1,000 par value. the bond has a coupon rate of 7% and makes payments semiannually. if the bond has 20 years remaining and the annual market interest rate is 9.4%, what will the bond sell for today?
a. $761b. $787c. $746d. $785e. $796

The correct option is d. $ 785

Step-by-step explanation:

Since,

Where,

C = Annual coupon payment,

FV = Face value,

M = Maturity in years,

YTM = yield to maturity,

Here,

FV = $ 1,000,

C = 7% of 1000 = = 70,

M = 20 years,

YTM = 9.4% = 0.094,

By substituting the values,

= $ 785.3454  ( Using calculator )

≈ $ 785

Hence, OPTION d. is correct.

i'm not entirely sure

step-by-step explanation:

if you ask home depot or lowe's they might be able to you out

40% off the regular price is the correct answer.

step-by-step explanation: