Question: Question 23 Loom, Inc. has outstanding a $1,000 face value bond with a 5% contract interest rate. The bond has 10 years remaining until maturity.

Question 23 Loom, Inc. has outstanding a $1,000 face value bond

Question 23 Loom, Inc. has outstanding a $1,000 face value bond with a 5% contract interest rate. The bond has 10 years remaining until maturity. If interest is paid annually, what is the value of the bond if the required rate of return is 6%? $926.39 $1,000.00 $1,046.95 $062 30

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