Business, 05.01.2022 04:30 mrsbabyjacob

Five years ago, an investor purchased an ABC Corporation BBB-rated debenture with a coupon of 6% maturing in 2037. Currently, new BBB-rated debentures maturing in 2037 are being issued with coupons of 7%. Based on the discounted cash flow method, one could say that the present value of the investor's security is: A. equal to the par value
B. less than par value
C. more than par value
D. negative

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Five years ago, an investor purchased an ABC Corporation BBB-rated debenture with a coupon of 6% mat...