A 15-year bond pays 9% on a face value of $1,000. If similar bonds are currently yielding 6%, what is the market value of the bond? Use annual analysis.
A)Over $1,000
B)Under $1,000
C)Over $1,200
D)Not enough information is given to tell.

Question

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The Answer of A 15-year bond pays 9% on a face value of $1,000. If similar bonds are currently yielding 6%, what is the market value of the bond? Use annual analysis.
A)Over $1,000
B)Under $1,000
C)Over $1,200
D)Not enough information is given to tell.

A 15-Year Bond Pays 9% on a Face Value of $1,000