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A 10-year bond pays 8% annual interest (paid semi-annually). If similar bonds are currently yielding 5% annually, what is the market value of the bond?
A 10-year bond pays 8% annual interest (paid semi-annually). If similar bonds are currently yielding 5% annually, what is the market value of the bond?
| $1,000.00 | ||
| $1,233.84 | ||
| $1,857.40 | ||
| $1,080.00
|
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International Financial Management
Authors: Jeff Madura
10th Edition
1439038333, 9781439038338
