What is the present value of a bond that has an $80 payment, 12 percent market interest

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What is the present value of a bond that has an $80 payment, 12 percent market interest rate, $1,000 face value, and 20-year maturity?

a. 701.22

b. 597.55

c. 103.66

d. 1000

Related Book For answer-question

Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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Posted Date: Oct 19, 2020 04:35 AM

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What is the present value of a bond that has an $80 payment, 12 percent market interest

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The option a is the right option a 70122 Explanation C24 A 1 Bond Valuation 2 Years 3 1 ... View the full answer

Financial accounting

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