What is the face value of a simple bond that matures in one year if the...
What is the face value of a simple bond that matures in one year if the price of the bond is $1,900 and the interest rate of the bond is 8 percent? There are no intermittent interest payments. Express your answer in dollars. (Do not include the dollar sign or any commas in your answer.)
Homework Answers
Face Value of Bond = Price of Bond * (1 + Rate of Interest)Time Duration
Face Value of Bond = 1900 * (1 + 0.08)1
Face Value of Bond = 2,052
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What is the face value of a simple bond that matures in one year
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