Question
Grant Plc have corporate bonds in issue that are maturing in seven years. The par value of the bonds is 1,000 and the coupon interest
Grant Plc have corporate bonds in issue that are maturing in seven years. The par value of the bonds is 1,000 and the coupon interest rate is 8%. How much would one of these bonds be worth to an investor with a 10% required rate of return?
| 554.04 | ||
| 902.44 | ||
| 4,909.04 | ||
| 1,000 |
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Journey To Financial Autonomy
Authors: Terry R. Hamman
1st Edition
979-8866617579
