Multiple Choice
A corporate bond has a $10,000 face value and offers a 7% coupon rate. The bond matures at the end of three years. If the interest rate is 5%, the present discounted value of the bond is $____.
A) 10,000
B) 10,544.65
C) 9,523.81
D) 10,526.69
Correct Answer:
Verified
Correct Answer:
Verified
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