[Solved] Briar Corp is issuing a 10 -year bond wit

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Briar Corp is issuing a 10 -year bond with a face value of $1,000 at a coupon rate of 6 percent. The interest rate for

Briar Corp is issuing a 10 -year bond with a face value of $1,000 at a coupon rate of 6 percent. The interest rate for similar bonds is currently 10 percent. Assuming annual payments, what is the present value of the bond? $754$1,000$927$661

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