A customer bought a bond that yields 6-½% with a 5% coupon. If the bond matures at this point, the customer will receive:

A customer bought a bond that yields 6-½% with a 5% coupon. If the bond matures at this point, the customer will receive:

A customer bought a bond that yields 6-½% with a 5% coupon. If the bond matures at this point, the customer will receive:



A) $1,065.

B) $1,050.

C) $1,025.

D) $1,000 plus a call premium.



Answer: C) $1,025.


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