Bond Valuation q13 A bond with a face value of $1000 and three years to...
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Finance
Bond Valuation q13
A bond with a face value of $1000 and three years to maturity has an annual coupon rate of 5%. Bonds with similar risk are currently yielding 4% per year. The value of the bond is:
Select one:
a.
$972.77
b.
$1,027.75
c.
$1,127.75
d.
$1,150.00
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