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Question 8 How much should you pay for a $1,000 bond with 10%...

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Accounting

Question $8$

How much should you pay for a $ $1, 000$ bond with $10 %$ coupon, annual payments, and five years to maturity

if the interest rate is $12 % ?$

$($ a $)$ $ $927.87$

$($ b $)$ $ $981.40$

$($ c $)$ $ $1, 000.00$

$($ d $)$ $ $1, 075.82$

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