Aletek Corp Is Issuing a 10-Year Bond with a Face

question 4

Multiple Choice

Aletek Corp is issuing a 10-year bond with a face value of $1,000 and a coupon rate of 7 percent.The interest rate for similar bonds is currently 9 percent.Assuming annual payments,what is the present value of the bond? (Round to the nearest dollar.)

• A)$872.
• B)$945.
• C)$990.
• D)$1,066.

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Definitions:

Factor X

A clotting factor, also known as Stuart-Prower factor, that is crucial in the coagulation cascade leading to blood clotting.

Factor XII

A clotting factor involved in the initiation of the blood coagulation cascade.

Blood Transfusion

The process of transferring blood or blood products from one person into the circulatory system of another.

Type O Blood

A blood type characterized by the absence of A and B antigens on the surface of red blood cells, making it a universal donor type for red blood cell transfusion.