Question: A bond maturing in 10 years pays RM80 each year and RM1,000 upon maturity. Assuming 10 percent to be the appropriate discount rate, the present

A bond maturing in 10 years pays RM80 each year and RM1,000 upon maturity. Assuming 10 percent to be the appropriate discount rate, the present value of the bond is

Select one:

a. RM1,000.00.

b. RM877.11.

c. RM416.39.

d. RM1,785.67.

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