A 20-year bond pays 12% on a face value of $1,000. If similar bonds are currently yielding 9%, what is the market value of the bond?
A) over $1,000
B) under $1,000
C) over $1,200
D) not enough information given to tell

Question

Quizplus · Accepted Answer

The Answer of A 20-year bond pays 12% on a face value of $1,000. If similar bonds are currently yielding 9%, what is the market value of the bond?
A) over $1,000
B) under $1,000
C) over $1,200
D) not enough information given to tell

A 20-Year Bond Pays 12% on a Face Value of $1,000