Question: A bond with a 5-year maturity has a face value of 1,000 and coupon of 8%. Its amortization schedule is 20% at the end of
A bond with a 5-year maturity has a face value of 1,000 and coupon of 8%. Its amortization schedule is 20% at the end of year 3 and 20% at the end of year 4. Its final total payment equals:
| 1,080 | ||
| 1,048 | ||
| 680 | ||
| 648 |
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