With a 10% discount rate, the present value factors of $1 received at the end of each of the next three years are 0.909, 0.826, and 0.751, respectively
Given these values, the present value of a $1,000 (par), 3-year corporate bond with an 8% coupon rate is
A)
$949.88.
B)
$1,1198.88.
C)
$198.88.
D)
$751.00.
A
Business
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