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Question
Consider a coupon bond that pays $100 every year and repays its principal amount of $1,000 at the end of 10 years.If the annual rate of discount is 10 percent, the present value of the bond is approximately
a. $909.09.
b. $990.00.
c. $1,000.00.
d. $1,100.00.
Answer
This answer is hidden. It contains 1 characters.
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