Carnival Corp issues a 9 percent coupon bond with 20 years maturity and $1,000 face (par) value. If the yield to maturity of this bond is 12 percent, find the bond's price. Group of answer choices
a. $775.92
b. $620.74
c. none of the answers is correct
d. $811.25
e. $1,009.68
Answers: 2
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Carnival Corp issues a 9 percent coupon bond with 20 years maturity and $1,000 face (par) value. If...
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