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Roxy Bonds Will Mature in 16 Years,the Coupon Rate of the Bond

Question 111

Multiple Choice

Roxy Bonds will mature in 16 years,the coupon rate of the bond is 5% paid SEMIANNUALLY,if the appropriate discount rate is 7%; what is the value of the bond?


A) $ 747.07
B) $ 811.06
C) $ 809.31
D) $1,178.74

Correct Answer:

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