Question
A bond maturing in 10 years pays $80 each year (with semi-annual payments) and $1000 upon maturity. Assuming 10% to be the appropriate discount rate,
A bond maturing in 10 years pays $80 each year (with semi-annual payments) and $1000 upon maturity. Assuming 10% to be the appropriate discount rate, the present value of the bond is:
A) $1010.84 B)$925.74 C) 875.37 D)$877.11 E)$1000.00
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
