Multiple Choice
The next questions refer to the following.
A five-year bond is to be issued with a face value of $1,000 and a coupon rate of 5%.
-After two years have elapsed,the bond's price should be
A) $898.75
B) $812.00
C) $789.92
D) $715.63
E) $687.94
Correct Answer:
Verified
Correct Answer:
Verified
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