Multiple Choice
A bond promises to pay $1,000 20 years from today.No interest will be paid on the bonds during the 20 years If the interest rate is 7%,what is the bond's present value?
A) $50
B) $258.42
C) $629.56
D) $1,000
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q63: The effective annual interest rate cannot be
Q64: Nominal dollars refer to their purchasing power.
Q65: The present value of a perpetuity can
Q66: How much do you need when you
Q67: If interest is paid m times per
Q69: The concept of compound interest refers to:<br>A)
Q70: How much more would you be willing
Q71: How much interest will be earned in
Q72: After reading the fine print in your
Q73: What will be the monthly payment on