Question: PLEASE DO ASAP As a bond fund manager, you are considering corporate bonds issued by Changing Universe (CU). Each CU bond is a 4-year bond

PLEASE DO ASAP

As a bond fund manager, you are considering corporate bonds issued by Changing Universe (CU). Each CU bond is a 4-year bond with a par value of $1 million. Its interest payments are based on the following schedule: $40,000 in year 1, $60,000 in year 2, $80,000 in year 3, and $100,000 in year 4. You estimate CUs current interest rate is 8%.What is the price of the bond?

	A.	$0.88 million
	B.	$1.06 million
	C.	$0.96 million
	D.	$1.01 million

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