In 2015 ZZZ Corp sold bonds, each had a face value $1000 and coupon payments of $90 per year.
Question # 00098366
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Updated on: 08/29/2015 12:07 AM Due on: 09/28/2015
In 2015 ZZZ Corp sold bonds, each had a face value $1000 and coupon payments of $90 per year.
ZZZ received $980 for each bond. What was the market’s expected rate of interest in 2009 ?
A. 9.4%
B. 8.8 %
C. 8.0 %
D. 9.0 %
E. 8.33 %
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Rating:
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Solution: In 2015 ZZZ Corp sold bonds, each had a face value $1000 and coupon payments of $90 per year.