Consider a one-year coupon bond that has a present value of $2,000. If the annual rate of discount is 5 percent, and the payment made at the end of each year is $140, the principal amount to be repaid at the end of one year is
A. $1,234.65.
B. $1,363.32.
C. $1,960.00.
D. $2,000.00.
Answer: C
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