What is the price of a bond with a $1,000 face value
What is the price of a bond with a $1,000 face value, a coupon rate of 13% paid annually, and matures in 25 years? Your required rate of return is 7.5%.
Which of the following statements about a bond are true? i. A bond is a fixed-income security. ii. The bond’s interest payments vary each year with the market. iii. A bond acts like an interest-only loan.
|ii and iii|
|i and iii|
|i, ii, and iii|
|i and ii|
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