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Business, 27.11.2019 06:31 yootmytoot

Abond with a maturity value of $100,000 has a stated interest rate of 8 percent. interest is paid annually. the bond matures in 10 years.
when the bond is issued, the market rate of interest is 10 percent.

what amount of cash is received when the bond is issued?
a. $100,000
b. $87,707
c. $49,157
d. $113,421

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