What is the value of a bond that has a par value of 1000 a
What is the value of a bond that has a par value of $1,000, a coupon of $80 (annually), and matures in 11 years? Assume a required rate of return of 11%, and round your answer to the nearest $10.
a. $320 b. $500 c. $810 d. $790
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