Fred purchases a bond,newly issued by the Big Time Corporation,for $20,000.The bond pays $1,000 to its holder at the end of the first,second,and third years and pays $21,000 upon its maturity at the end of four years.The principal amount of this bond is ________,the coupon rate is ________,and the term of this bond is ________.
A) $1,000;5%;four years
B) $20,000;5%;four years
C) $20,000;$1,000;5%
D) $21,000;5%;four years
E) $21,000;$1,000;5%
Correct Answer:
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