What Is the Price of a 4-Year Maturity Bond with a 10

question 48

Multiple Choice

What is the price of a 4-year maturity bond with a 10% coupon rate paid annually? (Par value = $1,000)

• A)$742.09
• B)$1,222.09
• C)$1,035.66
• D)$1,141.84
• E)none of the above

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