202. $4 million, 8%, 10-year bonds are issued at face value. Interest will be paid semi-annually. When calculating the market price of the bond, the present value of
A) $320,000 received for 10 periods must be calculated.
B) $4 million received in 10 periods must be calculated.
C) $4 million received in 20 periods must be calculated.
D) $160,000 received for 10 periods must be calculated.
Correct Answer:
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