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papahomer papahomer
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6 years ago
What is the value of a bond that has a par value of $1,000, a coupon rate of $80 (annually), and matures in 11 years? Assume a required rate of return of 11%, and round your answer to the nearest $10.
A) $320 .66
B) $1,011.00
C) $813.80
D) $790 ,79
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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6 years ago
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Smart ... Thanks!
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