If the interest rate of a one-year bond is 15 percent and its dollar price is $3,250, the face value of the bond is
a. $3,737.50.
b. $2,826.09.
c. $373.75.
d.
$282.61.
e.
$3,350.00.

Question

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The Answer of If the interest rate of a one-year bond is 15 percent and its dollar price is $3,250, the face value of the bond is
a. $3,737.50.
b. $2,826.09.
c. $373.75.
d.
$282.61.
e.
$3,350.00.

If the Interest Rate of a One-Year Bond Is 15