What is it selling for today

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Reference no: EM13265731

Bark Corporation's 10% coupon rate bond was issued for 30 years 25 years ago at a par value of $1000. Today's interest rate is 10%, what is it selling for today?

a. $1150.00
b. $1000.00
c. $955.60
d. $988.00

 

Reference no: EM13265731

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