What Is the Par Value of a Corporate Bond That

question 77

Multiple Choice

What is the par value of a corporate bond that was issued with an 9% annual coupon,pays $45 in semiannual interest,and is due in 15 years?

• A)$1,000.00
• B)$1,070.23
• C)$1,080.00
• D)$1,167.33

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