Kizspy | Question: 27 (Choose 1 answer)
Hoabinh Corp is issuing a 5-year bond with a coupon rate of 5 percent. The interest rate for similar bonds is currently 4 percent. Assuming annual payments, what is the present value of the bond? (Do not round intermediate computations. Round your final answer to the nearest dollar.)
A. $872
B. $1,045
C. $990
D. $945
