# Corporate Finance

Bond price: Briar Corp is issuing a 10-year bond with a coupon rate of 7 percent. The interest rate for similar bonds is currently 9 percent. Assuming annual payments, what is the present value of the bond? (Round to the nearest dollar.)

\$990

\$872

\$1,066

\$945

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2. 👎 0
3. 👁 722
1. 990

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2. 👎 0
2. 872

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2. 👎 0
3. nh

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2. 👎 0
4. 872 is the right answer, not 990.

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2. 👎 0

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