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GoodMad_ GoodMad_
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7 years ago
With a 10% discount rate, the present value factor of $1 received 10 years from now is 0.386. The present value of a $1 annuity factor for 10 years is 6.145. Given these values, the present value of a $1,000 (par), 10-year corporate bond with a 12% coupon rate is
A) $1,000.50
B) $1,586.00.
C) $1,123.40.
D) $6,191.32.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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7 years ago
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GoodMad_ Author
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#2
7 years ago
Such a smart group of people this forum has

thx
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