If You Purchase a 3-Year, 9% Annual Coupon Bond for $1,002.03

question 89

Multiple Choice

If you purchase a 3-year, 9% annual coupon bond for $1,002.03, how much could it be sold for 2 years later if interest rates have remained stable (retain all decimal places in all intermediate steps) ?

• A)$999.29
• B)$1,001.74
• C)$998.97
• D)$1,000.00

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