What is the value of a 10 percent annual coupon 1000 par


What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?

a-$1,236.48

b-$925.42

c-$850.61

d-$798.79

e-$737.55

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Business Economics: What is the value of a 10 percent annual coupon 1000 par
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