What is the face value of a simple bond that matures in one year if the price of the bond is $1,900 and the interest rate of the bond is 8 percent? There are no intermittent interest payments. Express your answer in dollars. (Do not include the dollar sign or any commas in your answer.)

Answer rating: 100% (QA)

The face value of a bond is the amount that the issuer of the bond pr... View the full answer