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Using a financial calculator, calculate the value of a bond that matures in 20 years with a coupon interest rate of 10 percent, which is
Using a financial calculator, calculate the value of a bond that matures in 20 years with a coupon interest rate of 10 percent, which is the required rate of return, and a par value of $1,000.
A. | $1,100 |
B. | $10,000 |
C. | $100 |
D. | $1,000 |
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