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Question
Assume the price of Mary, Inc. stock is $56.00, interest rates are 4.8%, div yield = 0, andσ = 0.35. What is the price of a $1,000 par value 2-year price-participation note paying a 5.0% annual coupon and receiving 50.0% of all price appreciation above $65.00?
A) $896.44
B) $996.44
C) $1006.44
D) $1106.44
Answer
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Related questions
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