Time Started: Oct 30 2020 11:06AM ET Time Limit: 240 Minutes Questions Answered: 7 Questions Flagged...

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Time Started: Oct 30 2020 11:06AM ET Time Limit: 240 Minutes Questions Answered: 7 Questions Flagged for Review: 0 Question Number: 60 of 100 Note: If you skip any of the questions when you click on the 'View Summary and Submit' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. 60 Exactly three years ago, Alvin purchased a 5-year, $4,000 semi-annual bond with a 6.5% coupon. Today, he would like to sell the bond. However, new 2-year bonds with a comparable level of risk now offer a coupon rate of 9.5%. What is the market value of Marcus' bond? a) $2,858.67 b) $3,788.43 c) $3,786.00 d) $4,249.67 Minutes remaining: 222 Previous Question Next Question View Summary and Submit CFP, CERTIFIED FINANCIAL PLANNER and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). FP Canada" is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB. Time Started: Oct 30 2020 11:06AM ET Time Limit: 240 Minutes Questions Answered: 7 Questions Flagged for Review: 0 Question Number: 60 of 100 Note: If you skip any of the questions when you click on the 'View Summary and Submit' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. 60 Exactly three years ago, Alvin purchased a 5-year, $4,000 semi-annual bond with a 6.5% coupon. Today, he would like to sell the bond. However, new 2-year bonds with a comparable level of risk now offer a coupon rate of 9.5%. What is the market value of Marcus' bond? a) $2,858.67 b) $3,788.43 c) $3,786.00 d) $4,249.67 Minutes remaining: 222 Previous Question Next Question View Summary and Submit CFP, CERTIFIED FINANCIAL PLANNER and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). FP Canada" is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB.