Question: Face value not given in question. Please show formula and full solutions THANKS! Jill purchased a 10% Canada Bond one year ago and paid $1,115

Face value not given in question. Please show formula and full

Face value not given in question. Please show formula and full solutions THANKS!

Jill purchased a 10% Canada Bond one year ago and paid $1,115 for it when interest rates were 9%. Interest rates are now 7%. The market price of the bond is likely O a) $925 Ob) $1000 O c) $1,115 O d) $1,430

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