Devon has a $1000 bond with a 6% coupon. the yield of the bond is 5.8%.
what is the bid price for the bond?
o a. $1045.00
o b. $1034.00
o c. $1015.00
o d. $1048.00
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1. 0.3 •4 is the same as 4 groups of 0.32. 7•0.8 is the same as 7 groups of 0.83. it increases by 0.5 every time, so 0.5x4 it increases by 0.9 every time, so 0.9x5. 0.9•12=10.86. 0.47•5=2.35i can finish the next ones in a separate post