Question: Eastern Digital has issued a bond with a par value of $1000 and a 5% per year coupon. The bonds mature in 5 years and

Eastern Digital has issued a bond with a par value of

Eastern Digital has issued a bond with a par value of $1000 and a 5% per year coupon. The bonds mature in 5 years and pay interest annually. What is the current value of the bond if the market interest rate is 7% ? $917.996 $2,000.00 $1,242.67 $1,835.99 $3,529.45 None of the above

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