Question
A firm has an issue of $1,000 par value bonds with a 8 percent stated interest rate outstanding. The issue pays interest annually and has
A firm has an issue of $1,000 par value bonds with a 8 percent stated interest rate outstanding. The issue pays interest annually and has 10 years remaining to its maturity date. If bonds of similar risk are currently earning 8 percent, the firm's bond will sell for __________ today.
$1,000
$716.67
$840.67
$1,098.18
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Education Finance Specialist II
Authors: National Learning Corporation
1st Edition
0837347432, 978-0837347431
