TB MC Qu. 14-17 (Algo) An investor purchases a... An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, what is the current market value of the bond? Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1 , FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Multiple Choice O $1,000 O $881 O $1,615 $846 3

TB MC Qu. 14-17 (Algo) An investor purchases a... An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, what is the current market value of the bond? Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of $1 , FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) Multiple Choice $1,000 $881 $1,615 $846