What is the value of a bond that has a par value of $1000, a coupon of $80(annually), - 4428

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Request Description

What is the value of a bond that has a par value of $1000, a coupon of $80(annually), and matures in 11 years? Assume a required rate of return of 11%, and round your answer to the nearest $10. 

a. $320 

b. $500 

c. $810 

d. $790

Solution Description

What is the value of a bond that has a par va