With a 10% discount rate, the present value factor of $1 received 10 years from now is 0.386. The present value of a $1 annuity factor for 10 years is 6.145
Given these values, the present value of a $1,000 (par), 10-year corporate bond with a 12% coupon rate is
A)
$6,191.32.
B)
$1,586.00.
C)
$1,123.40.
D)
$1,000.50
C
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