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The interest rate on a one-year risk-free bond is 5 percent. BAC Company issued a 5 percent coupon bond with a face value of $1,000,
The interest rate on a one-year risk-free bond is 5 percent. BAC Company issued a 5 percent coupon bond with a face value of $1,000, maturing in one year. If the bond is considered risk-free, what is the price of the bond? Multiple Choice O $1,000 $1,050 $950 $985
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
