Corporate FInace Assignment/ Professional Essay Writers
You bought a bond 14 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid semiannually. If the required rate of return is 14 percent, the current market value (price) of the bond is:
A. $870.45.
B. $841.15.
C. $1,238.28.
D. $757.26.
E. $904.67. Get Finance Help Today
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