Question: 10. D&G Enterprises issues bonds with a $1,000 face value that make coupon payments of $40 every 3 months. What is the coupon rate? 4.

10. D&G Enterprises issues bonds with a $1,000 face value that make coupon payments of $40 every 3 months. What is the coupon rate?

4. You are supposed to receive $3,000 four years from now. At an interest rate of 7%, what is that $3,000 worth today?

A.

$2,288.69
B.

$2,931.01
C.

$2,205.09
D.

$2,537.08
E.

$2,699.01

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