Question
10. D&G Enterprises issues bonds with a $1,000 face value that make coupon payments of $40 every 3 months. What is the coupon rate? 4.
10. D&G Enterprises issues bonds with a $1,000 face value that make coupon payments of $40 every 3 months. What is the coupon rate?
4. You are supposed to receive $3,000 four years from now. At an interest rate of 7%, what is that $3,000 worth today?
| A. | $2,288.69 | |
| B. | $2,931.01 | |
| C. | $2,205.09 | |
| D. | $2,537.08 | |
| E. | $2,699.01 |
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Making Sense Of School Finance
Authors: Clinton Born
1st Edition
1475856652, 978-1475856651
