QUESTION 19 A firm has an issue of $1,000 par value bonds with a 9 percent stated coupon interest rate outstanding. The issue pays interest annually and has 20 years today. remaining to its maturity date. If bonds of similar risk are currently earning 11 percent, the firm's bond will sell for OA $1,000 OB. $716.67 OC $840.73 OD. $1,123.33

A firm has an issue of 51,000 par value bonds with a 9 percent stated coupon interest rate outstanding. The issue pays interest annually and has 20 years remaining to its maturity date. If bonds of similir rekk are currently earning 11 percent, the firmi's bond will sell for today A 51,000 1.. 5716.67 C. 504073 0,51,12333