A 15 year bond issued today by carris inc has a coupon rate, Finance Basics

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A 15 year bond issued today by carris inc has a coupon rate

A 15 year bond issued today by Carris, Inc. has a coupon rate of 7%, a required return of 5% and a face value of $1000. The bond will be sold 4 years from now when interest rates will be 8%. What is the ending value of the bond when it is sold (to the nearest dollar)?

A.$1027
B.$854
C.$1,000
D.$929

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Finance Basics: A 15 year bond issued today by carris inc has a coupon rate

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Finance Basics: A 15 year bond issued today by carris inc has a coupon rate

Reference No:- TGS0610129

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Recent Questions Asked Finance Basics

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Finance Basics: A 15 year bond issued today by carris inc has a coupon rate

Reference No:- TGS0610129

Recent Questions Asked Finance Basics

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