What is the ending value when its sols


A 15 year bond issued today has a coupon rate of 11% and a required return rate of 7% with a face value of $1000. If sold in 6 years when interest rates will be 7%, what is the ending value when its sold?

1. $1,173

2. $1,095

3. $1,261

4. $1,000

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Business Management: What is the ending value when its sols
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