Question
Based on your risk assessment, your required rate of return is 9 percent for a bond you own. It has 10 years left to maturity;
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Based on your risk assessment, your required rate of return is 9 percent for a bond you own. It has 10 years left to maturity; it is a $1,000 par value bond paying 8 percent interest semiannually. The market price of the bond is $850.
Find the value of the bond.
A. $880
B. $892
C. $935
D. $1000
E. $1,180
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
