A 700 par value 5 year 10 bond with semiannual coupons is
A 700 par value 5 year 10% bond with semiannual coupons is purchased for 670.60. The present value of the redemption is 372.05. Calculate the redemption value.
A. 500, B. 599, C. 606, D. 700, E. 1000
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a 700 par value 5 year 10 bond with semiannual coupons is purchased for 67060 the present value of the redemption is
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