In 2015 zzz corp sold bonds each had a face value 1000 and
Question - In 2015 ZZZ Corp sold bonds, each had a face value $1000 and coupon payments of $90 per year. ZZZ received $980 for each bond. What was the market's expected rate of interest in 2009?
A. 9.4%
B. 8.8 %
C. 8.0 %
D. 9.0 %
E. 8.33 %
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