Marathon Sports has issued a 10 year bond. The face value of the bond is 1.000 €. The bond pays an annual coupon of 3%. The current market interest rate is flat at 4%. Please, find the price for the bond. a.675.6 $ b.1,000 $ c.918.9$ d.1,085 $

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 3EA: Krystian Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 4% when the...
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Marathon Sports has issued a 10 year bond.
The face value of the bond is 1.000 €. The
bond pays an annual coupon of 3%. The
current market interest rate is flat at 4%.
Please, find the price for the bond.
a.675.6 $
b.1,000 $
c.918.9$
d.1,085 $
Transcribed Image Text:Marathon Sports has issued a 10 year bond. The face value of the bond is 1.000 €. The bond pays an annual coupon of 3%. The current market interest rate is flat at 4%. Please, find the price for the bond. a.675.6 $ b.1,000 $ c.918.9$ d.1,085 $
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