Corporate bond-which of the best describes this bond

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Reference no: EM13873341

A corporate bond makes payments of $9.67 every month for ten years with a final payment of $2009.67. Which of the following best describes this bond?

A) a 10-year bond with a face value of $2000 and a coupon rate of 4.8% with monthly payments

B) a 10-year bond with a face value of $2000 and a coupon rate of 5.8% with monthly payments

C) a 10-year bond with a face value of $2009.67 and a coupon rate of 4.8% with monthly payments

D) a 10-year bond with a face value of $2009.67 and a coupon rate of 5.8% with monthly payments

Reference no: EM13873341

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