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A Corporate Bond Has a $10,000 Face Value and Offers

Question 66

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 7%, the present discounted value of the bond is $____.


A) 10,000
B) 9,345.79
C) 9,300
D) 10,752.69

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