A 10-year bond pays annual interest of 8 on a face value of


A 10-year bond pays annual interest of 8% on a face value of $1,000. If similar bonds are currently yielding 10%, what is the market value of the bond?

Solution Preview :

Prepared by a verified Expert
Finance Basics: A 10-year bond pays annual interest of 8 on a face value of
Reference No:- TGS02552606

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)