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A bond has the following information * Face of the bond = $1,000 * Coupon Rate-10% * Market Rate-10% Maturity date 5 years from now;
A bond has the following information * Face of the bond = $1,000 * Coupon Rate-10% * Market Rate-10% Maturity date 5 years from now; interest is paid annually. What price should the bond be trading (round to the nearest whole number)? $1,000 An amount greater than $1,000 An amount less than $1,000 It cannot be determined from the information provided
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