题目
A $1,000 par bond carries a coupon rate of 6%, pays coupons semiannually, and has 12 years remaining to maturity. Market rates are currently 8%. The price of the bond is closest to:
选项
A.$943.61
B.$847.53
C.$1,021.41
D.$952.05
答案
B
解析
Answer: B Using a calculator, note that half a year, number of periods multiplied by 2.使用计算器，注意是半年复利，所以N=12*2=24。