Multiple Choice
A corporate bond has a $10,000 face value, five-year maturity, and an 8% annual coupon rate. If interest rates are 6%, what is the present discounted value of the bond?
A) $10,540.18
B) $9,805.25
C) $10,842.47
D) $11,220.82
Correct Answer:
Verified
Correct Answer:
Verified
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