Multiple Choice
What is the value of a PacTen bond with a 10 percent coupon that matures in 15 years? Assume the current market rate for this bond is 16 percent and that interest is paid semiannually.
A) $661.90
B) $1,227.78
C) $1,000.00
D) $875.51
Correct Answer:
Verified
Correct Answer:
Verified
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