srolon82411 srolon82411

21-02-2024
Business

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Suppose you buy a bond that will pay $1000 in ten years along with an annual coupon payment of $50 and the interest rate is 4%. Answer the following questions: a) What is the present value of the bond?
a) $912.66
b) $950.00
c) $961.54
d) $1,000.00

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