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Consider a corporate bond with a $1,000 face value, 8% coupon with semiannual coupon payments, 7 years until maturity, and a YTM of 9%.

9. Consider a corporate bond with a $1,000 face value, 8% coupon with semiannual coupon payments, 7 years until maturity, and a YTM of 9%. It has been 57 days since the last coupon payment was made and there are 182 days in the current coupon period. The dirty (cash) price for this bond is closest to:
A) $949.70
B) $961.40
C) $936.40
D) $948.90

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CH200410_474557_FIN.doc

Consider a corporate bond with a $1,000 face value, 8% coupon with semiannual
coupon payments, 7 years until maturity, and a YTM of 9%. It has been 57 days since
the last coupon payment was made...

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