Question: A 10 year bond, with a par value equaling $1,000, pays 7% annually. If similar bonds are currently yielding 6% annually, what is the market

A 10 year bond, with a par value equaling $1,000, pays

A 10 year bond, with a par value equaling $1,000, pays 7% annually. If similar bonds are currently yielding 6% annually, what is the market value of the bond? Use semi-annual analysis. Use time value of money tables in Appendix B and Appendix D. Multiple Choice $107470 $152070 S92750 $700.00

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