Assume annual coupons-what is the present value

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Reference no: EM13942946

What is the present value of a $1,000 par corporate bond from the Burns Corp. with an annual coupon rate of 10% and 30 years to maturity when market rates on similar bonds are 8%? Assume annual coupons.

$1,466.67

$1,590.33

$1,225.16

$1,348.75

Reference no: EM13942946

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