Homework answers / question archive / If the discount rate on a bond is 5 percent and the expected payment in year 1 is $985, calculate the price of the bond Group of answer choices $938

If the discount rate on a bond is 5 percent and the expected payment in year 1 is $985, calculate the price of the bond Group of answer choices $938.10 $985.00 $1,000.00 $1,050.00