What is the value of one bond if the yield to maturity is


ABC Consultants has some bonds outstanding, currently with 10 years remaining to maturity. The coupon rate is 10%, and the interest is paid annually. The face value of the bonds is $10,000. What is the value of one bond if the yield to maturity is 12%?

a) $5,650.22

b) $3,702.69

c) $5,650.22

d) $8,869.96

e) $3,219.73

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Financial Management: What is the value of one bond if the yield to maturity is
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