Problema bond maturing in 10 years pays 80 each year, Ask an Expert

Finance

Problem:

A bond maturing in 10 years pays $80 each year (including year 10) and $1,000 upon maturity. Assuming 10 percent to be the appropriate discount rate, the present value of the bond is:

$877.11
$1,000.00
$416.39
$1,785.67

Note: Explain all steps comprehensively.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162371

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