Consider a three-year coupon bond that has a present value of $2,000.If the annual rate of discount is 7 percent, and the payment made at the end of each year is $140, the principal amount to be repaid at the end of three years is
A) $1,860.00.
B) $2,000.00.
C) $2,140.00.
D) $2,156.40.
Correct Answer:
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