What Is the Value of a Bond That Matures in Three

question 94

Multiple Choice

What is the value of a bond that matures in three years,has an annual coupon payment of $110,and a face value of $1,000? Assume a required rate of return of 11%,and round your answer to the nearest $10.

• A)$970
• B)$1,330
• C)$330
• D)$1,000

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