honornoelle2746 honornoelle2746

03-02-2020
Business

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Mary wants to purchase a 20-year bond that has a par value of $1,000 and makes semiannual interest payments of $40. If her required yield to maturity is 10%, which of the following is closest to how much should Mary be willing to pay for the bond?a. $902
b. $925
c. $1000
d. $828

Respuesta :

natasharain natasharain

03-02-2020

D is the right answer!

|| explanation:

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