Question: D A 6 year bond issued today by Elpha, Inc. has a coupon rate of 8%, a required return of 3% and a face value

D A 6 year bond issued today by Elpha, Inc. has

D A 6 year bond issued today by Elpha, Inc. has a coupon rate of 8%, a required return of 3% and a face value of $1000. The bond will be sold 2 years from now when interest rates will be 4%. What is the ending value of the bond when it is sold (to the nearest dollar)? $1027 $1,000 $1,202 $929 $1,145 Question 8

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