Bond rates and maturity


Question:

Borden's 8 3/4% bond matures April 15, 2016 paid and compounded annually.

Determine value of a $1000 bond as of April 14, 2004 to investor who holds bond until maturity required Rate of Return:

a) 7%
b) 9%
c) 11%

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Finance Basics: Bond rates and maturity
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