American_Bankers_Association
CTFA · Question #69
CTFA Question #69: Real Exam Question with Answer & Explanation
The correct answer is B. Less than its face value. See the full explanation below for the reasoning.
Question
What's the value to you of a $1,000 face-value bond with an 8% coupon rate when your required rate of return is 15 percent?
Options
- AMore than its face value
- BLess than its face value
- C$1000
- DTrue
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