Using Time Value of Money Tables Video Lessons

Concept

# Problem: What is the selling price (to the nearest dollar) of 4-year bonds with a par value of $200,000 and an annual coupon rate of 8% that are sold when the market rate of interest is 12%? A)$180,093 B) $175,697 C)$199,994 D) $200,000 ###### FREE Expert Solution ###### Problem Details What is the selling price (to the nearest dollar) of 4-year bonds with a par value of$200,000 and an annual coupon rate of 8% that are sold when the market rate of interest is 12%?

A) $180,093 B)$175,697

C) $199,994 D)$200,000