Question
14. What is the value of a bond that matures in 10 years, make an annual coupon payment of $40, and has par value of
14. What is the value of a bond that matures in 10 years, make an annual coupon payment of $40, and has par value of $1,000; assume a required rate of return of 10%, and round answer to the nearest $10?
a) $410b) $490c) $600d) $630
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
