Question: Barry is considering buying a bond with a face value of $ 1 0 , 0 0 0 and a coupon rate of 2 .

Barry is considering buying a bond with a face value of $10,000 and a coupon rate of 2.4%, due in 10 years.
Barrys MARR is a nominal 3%, compounded monthly. Coupons are paid to Barry monthly.
Question 20.(1 mark) What $ amount will this bond pay Barry at its maturity?
A. $2,010 B. $10,025 C. $100,000 D. $10,020 E. $10,000

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