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25.02.2021 02:14
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Bert owns a bond that will pay him $45 each year in interest plus $1,000 as a principal

Bert owns a bond that will pay him $45 each year in interest plus $1,000 as a principal payment at maturity. What is the $1,000 called
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alvaradolm6853
alvaradolm6853
4,6(15 marks)

Face value

Explanation:

the face value of a bond  is the amount the issuer of a bond gives to the bondholder, once the bond matures

$45 is the interest rate

queenb1416
queenb1416
4,5(19 marks)

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