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An 18-year, 1000 par value bond with redemption value 1000, has annual coupons and is bought to yield an annual effective rate of 5%. The

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An 18-year, 1000 par value bond with redemption value 1000, has annual coupons and is bought to yield an annual effective rate of 5%. The amount for amortization of premium in the 10th coupon is 20. The book value of the bond at the end of year 10 is X. Calculate X. (A) 1180 (B) 1200 (C) 1220 (D) 1240 (E) 1260

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