Multiple Choice
When the interest rate is 10 percent, what is the price of a bond that matures in one year, has a $300 face value, and has a coupon of $20 per year?
A) $93.24
B) $266.11
C) $272.72
D) $290.90
E) $282.64
Correct Answer:
Verified
Correct Answer:
Verified
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