Find the value of a annual coupon bond
Find the Value of a Annual Coupon Bond with a Face Value of $1000, a Coupon Rate of 14.75 percent, and 18 years remaining until Maturity if the Interest Rate is 17.55 percent compounded Annually.
a- 4.34%
b- -4.34%
c- -5.3%
d- 5.3%
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