A 20-Year Bond Pays 12% on a Face Value of $1,000.If

question 68

Multiple Choice

A 20-year bond pays 12% on a face value of $1,000.If similar bonds are currently yielding 9%,what is the market value of the bond?

• A) Over $1,000
• B) Under $1,000
• C) Over $1,200
• D) Not enough information given to tell

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