Question
A bond matures in 20 years, at which time it pays the owner RM1,000. It also pays RM70 at the end of each of the
A bond matures in 20 years, at which time it pays the owner RM1,000. It also pays RM70 at the end of each of the next 20 years. If similar bonds are currently yielding 7%, what is the market value of the bond?
Select one:
a. exactly RM1,000
b. under RM1,000
c. cannot be determined from the information given
d. over RM1,000
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
