MCQOPTIONS
Saved Bookmarks
| 1. |
$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond? |
| A. | 1710.29 |
| B. | 2710.29 |
| C. | 3710.29 |
| D. | 4710.29 |
| Answer» D. 4710.29 | |