Respuesta :
The current price of these bonds if the yield to maturity is 6.65 percent is 913.95.
What is a bond?
In the world of finance, a bond is a sort of security wherein the issuer (debtor) owes the holder (creditor) a debt and is required, depending on the terms, to repay the bond's principal at the maturity date as well as interest (referred to as the coupon) over a amount of time. The interest is normally payable at predetermined intervals, such as semi-annually, annually, and less frequently at other times. Bonds allow the borrower access to outside funding for short-term investments or, in the case of government bonds, financing of current costs.
Both bonds and stocks are considered securities, but the main distinction between the two is that stockholders of (capital) companies have an equity interest in the company.
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