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 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 to tell

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