McLaughlin Enterprises Has an Outstanding $1,000 Par Value Bond with a 11

question 112

Multiple Choice

McLaughlin Enterprises has an outstanding $1,000 par value bond with a 11% coupon that pays at the end of each year.The bond matures in nine years.Bonds of similar risk have a required return of 10%.What is the market value of the McLaughlin bond?

• A) $890.00
• B) $1,053.35
• C) $1,000.00
• D) $1,057.59

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Definitions:

Heroic Figure

An individual admired for their courage, outstanding achievements, or noble qualities, often featured in literature and history.

Sacrifice

The act of giving up something valued for the sake of something else regarded as more important or worthy.

Syllogistic Steps

The sequence of logical deductions in a syllogism where a conclusion is inferred from two or more premises.

Virtuous

Exhibiting virtues such as moral excellence, righteousness, and adherence to ethical principles in behavior and character.