Loowkeychrissy8325 Loowkeychrissy8325
  • 22-01-2024
  • Business
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A $1,000 bond is issued with an 8% semiannual coupon rate and 5 years to maturity when market interest rates are 10%. What is the initial liability?
A. 855.
B. 923.
C. 1023.

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