Find out the percent annual coupon


Problem:

What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?

  • $1,236.48
  • $925.42
  • $850.61
  • $798.79
  • $737.55

Note: Explain the solution in detail.

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Finance Basics: Find out the percent annual coupon
Reference No:- TGS0893144

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