Multiple Choice
A bond with the term of 20 years, face value of $5,000, a coupon rate of 8%, compounded quarterly and payments 4 times a year, was issued 15 years ago. Currently, interest rates are at 12%. What could the bond be sold for today?
A) $4,279
B) $4,471
C) $4,853
D) $5,047
E) $4,256
Correct Answer:
Verified
Correct Answer:
Verified
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