Peter Just Invested in a Seasoned $1,000 Par Value with a 6

question 42

Multiple Choice

Peter just invested in a seasoned $1,000 par value with a 6% coupon rate.  The bond was originally issued for 25 years and currently has 10 years until it matures.  If the market interest is 8% and the bond pays interest semi-annually, then what is he likely to have paid for the bond?

• A)​$1,346
• B)​$1,000
• C)​$864
• D)​$827

---

Definitions:

Drug Seekers

Individuals who seek prescription drugs for non-medical use or abuse.

Pain Interventions

Techniques or treatments employed to reduce or manage pain in patients, ranging from medication to physical therapy.

Vicodin ES

A prescription medication that combines hydrocodone, an opioid pain reliever, with acetaminophen, used to treat moderate to severe pain.

Postsurgical Pain

Pain that occurs as a result of surgery, ranging from mild to severe, and can be temporary or chronic.