Multiple Choice
A bond maturing in 10 years pays $80 each year (including year 10) and $1,000 upon maturity.Assuming 10 percent to be the appropriate discount rate,the present value of the bond is
A) $877.11.
B) $1,000.00.
C) $416.39.
D) $1,785.67.
Correct Answer:
Verified
Correct Answer:
Verified
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