Multiple Choice
Bond price: Triumph Corp. issued five-year bonds that pay a coupon of 6.375 annually. The current market rate for similar bonds is 8.5 percent. How much will you be willing to pay for Triumph's bond today? Round to the nearest dollar.
A) $1,023
B) $1,137
C) $916
D) $897
Correct Answer:
Verified
Correct Answer:
Verified
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