Multiple Choice
What is the value of an Orion bond that has a 10 percent coupon, pays interest semiannually, and has 10 years to maturity, if the required rate of return is 12 percent?
A) $1,200.00
B) $885.50
C) $895.27
D) $1,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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