What Is the Value of a Bond That Has a Par

question 7

Multiple Choice

What is the value of a bond that has a par value of $1,000, a coupon rate of $80 (annually) , and matures in 11 years? Assume a required rate of return of 11%, and round your answer to the nearest $10.

• A) $320 .66
• B) $1,011.00
• C) $813.80
• D) $790 ,79

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed during infancy.

Task Procedures

The specific set of steps or actions to be followed in order to complete a task or experiment.

Onset of Crawling

The stage in a baby's development when they start to move on their hands and knees.

Myelination

The process of forming a myelin sheath around a nerve to improve the speed at which electrical impulses are passed along the nerve fiber.