A
20-year bond pays 12% on a face value of $1,000. If similar bonds are
currently yielding 9%, What is the market value of the bond? Use annual
analysis.
A) over $1,000
B) under $1,000
C) over $1,200
D) not enough information given to tell
A) over $1,000
B) under $1,000
C) over $1,200
D) not enough information given to tell
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