Asked by Judy

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

Answered by Anonymous
990
Answered by vee
872
Answered by Mham
872 is the right answer, not 990.
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