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Consider the Following Details for a Bond Issued by Bravo

Question 52

Multiple Choice

Consider the following details for a bond issued by Bravo Incorporated.
Consider the following details for a bond issued by Bravo Incorporated. Suppose that today's date is 8/5/2004,what should the current trading price be for this bond if investors want a 12% ANNUAL return? A) $658.09 B) $763.13 C) $908.88 D) $1,000.00
Suppose that today's date is 8/5/2004,what should the current trading price be for this bond if investors want a 12% ANNUAL return?


A) $658.09
B) $763.13
C) $908.88
D) $1,000.00

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