A 10-year bond pays 8% annual interest (paid semi-annually).If similar bonds are currently yielding 5% annually,what is the market value of the bond?
A) $1,000.00
B) $1,857.40
C) $1,233.84
D) $1,080.00

Question

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The Answer of A 10-year bond pays 8% annual interest (paid semi-annually).If similar bonds are currently yielding 5% annually,what is the market value of the bond?
A) $1,000.00
B) $1,857.40
C) $1,233.84
D) $1,080.00

A 10-Year Bond Pays 8% Annual Interest (Paid Semi-Annually)