A 10 year bond has a coupon rate of 7% annually and a principal payment of $1000.00. Other similar bonds are paying 9% annually. To determine the value of this bond you must find the interest factors, IF at:
A) 9% for 10 periods b) 9% for 20 periods c) 4.5% for 20 periods d) 4.5% for 10 periods
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