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Terms of a bond: Face amount: $1,000 Redemption value: $1,000 Term Coupons: 20 years 5%, payable annually The bond is issued at a discount. The

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Terms of a bond: Face amount: $1,000 Redemption value: $1,000 Term Coupons: 20 years 5%, payable annually The bond is issued at a discount. The amount th bond is written up at the time the 16th coupon is paid is 50% greater than the amount written up at the time the 11th coupon is paid. Find the price of the bond. A) 580 B) 625 C) 661 D) 673 E) 700 Terms of a bond: Face amount: $1,000 Redemption value: $1,000 Term Coupons: 20 years 5%, payable annually The bond is issued at a discount. The amount th bond is written up at the time the 16th coupon is paid is 50% greater than the amount written up at the time the 11th coupon is paid. Find the price of the bond. A) 580 B) 625 C) 661 D) 673 E) 700

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