Question
What is the price of a 8 percent bond that matures in 10 years and has a par value of $1,000? Assume a discount rate
What is the price of a 8 percent bond that matures in 10 years and has a par value of $1,000? Assume a discount rate of 6 percent.
| a. | $1,073.60 | |
| b. | $1,000 | |
| c. | $1147.20 | |
| d. | $815.66 |
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
