Homework answers / question archive / For a 15-year, 5% coupon rate, $1,000 par value annual bond, what's the bond value if the current interest rate is 3%?   $987

For a 15-year, 5% coupon rate, $1,000 par value annual bond, what's the bond value if the current interest rate is 3%?   $987

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For a 15-year, 5% coupon rate, $1,000 par value annual bond, what's the bond value if the current interest rate is 3%?

$987.2

$1,000

$1,238.8

$1,240.2