Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Management
New Topic  
mantparn mantparn
wrote...
Go to Answer
Posts: 1904
Rep: 2 0
7 years ago
A firm has an issue of $1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pays interest annually and has 10 years remaining to its maturity date. If bonds of similar risk are currently earning 8 percent, the firm's bond will sell for ________ today.
A) $1,000
B) $805.20
C) $1,115.50
D) $1,268.40
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
Read 67 times
2 Replies
Replies
Answer verified by a subject expert
donnabandonnaban
wrote...
#1
Top Poster
Posts: 949
Rep: 47 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

mantparn Author
wrote...
#2
6 years ago
Thanks for the assistance, I've marked your post as best answer
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1367 People Browsing
 124 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4428
  
 1565
  
 1210
Your Opinion
Previous poll results: Does a gender wage gap exist in America?