A 15-year bond pays 11% on a face value of $1,000. If similar bonds are currently yielding 8%, what is the market value of the bond?
A) over $1,000
B) under $1,000
C) over $1,200
D) not enough information to tell

Question

Quizplus · Accepted Answer

The Answer of A 15-year bond pays 11% on a face value of $1,000. If similar bonds are currently yielding 8%, what is the market value of the bond?
A) over $1,000
B) under $1,000
C) over $1,200
D) not enough information to tell

A 15-Year Bond Pays 11% on a Face Value of $1,000