Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

Your new client just transferred a portfolio to you that includes a BCD corporate debenture. It has an 8 percent coupon and a basis of 8 percent. If the bond is called in 5 years with a yield to call of 8.5 percent, how much did your client pay for the bond?

Over $1,000

A

$1,000

B

Below $1,000

C

not enough data to calculate

D