jojo10151 jojo10151
  • 01-04-2024
  • Business
contestada

Current interest rates are 10.58%. You want to buy a long-term bond with a face value of $1000 that pays a coupon rate of 10%. Which of the following prices is feasible?
a) $1,000
b) $9,000
c) $10,000
d) $11,000

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