Mathematics, 07.05.2020 02:02 reycaden
Tristan Sandino wants to sell a 4.85%, $1,000 bond that pays annual dividends. The bond matures in 7 years. Prevailing rates on similar bonds is 5.5%. What is Tristan's bond worth today?
Group of answer choices
$472.57
$1,000.00
$687.44
$963.06
Answers: 1
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Tristan Sandino wants to sell a 4.85%, $1,000 bond that pays annual dividends. The bond matures in 7...
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