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Bond price: Briar Corp is issuing a 10-year bond with a coupon rate of 7 percent. The interest rate for similar bonds is currently 9 percent. Assuming annual payments, what is the present value of the bond? (Round to the nearest dollar.)








$990





$872





$1,066





$945

11 years ago

Answers

Anonymous
990
10 years ago
vee
872
10 years ago
Mham
872 is the right answer, not 990.
9 years ago

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