A 10-year bond paying 8% annual coupon

Reference no: EM13774690

A 10-year bond paying 8% annual coupons pays $1000 at maturity. If the required rate of return on the bond is 7%, then today the bond will sell (rounded to the nearest cent) for

$1000.00
$1210.45
$987.48
$1070.24
None of the above

Reference no: EM13774690

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