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Question You currently own a 5-year bond with a face value of $1,000 and a coupon rate of 10 percent with annual payments. The bond is currently worth $832.39. If market interest rates remain unchanged, what will be the value of the bond when there are only 4 years left until maturity? $832 $857 $957 $1,000

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Question

You currently own a 5-year bond with a face value of $1,000 and a coupon rate of 10 percent with annual payments.

The bond is currently worth $832.39. If market interest rates remain unchanged, what will be the value of the bond when there are only 4 years left until maturity?

$832

$857

$957

$1,000

 
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