Question: 2 Points AS - year bond pays 1 8 % on a face value of $ 1 , 0 0 0 . If similar bonds

2 Points
AS-year bond pays 18% on a face value of $1,000. If similar bonds are currently yielding 8%, what is the market value of the band?
A Over $1300
BUnder $1,000
Between $1,200-$1300
DUnder $800

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