What is the value of one bond

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Reference no: EM131487704

Gordon bonds have a par value of $1,000, a 10% annual coupon, and 7 years to maturity. What is the value of one bond, assuming the Wall Street Journal indicates that the market rate or yield for similar bonds is 8%?

a. $954.10

b. $979.17

c. $1,104.13

d. $1,180.1

e. None of the above

Reference no: EM131487704

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