A corporate bond makes payments of $15 every quarter for 10 years with a final payment of $2 015. Which of the following best describes this bond?

Question

Accepted Answer

a 10-year bond with a face value of $2 000 and a coupon rate of 3.00% with quarterly payments

Answer

a 10-year bond with a face value of $2 015 and a coupon rate of 3.00% with quarterly payments

Answer

a 10-year bond with a face value of $2 015 and a coupon rate of 2.25% with quarterly payments

Answer

a 10-year bond with a face value of $2 000 and a coupon rate of 2.25% with quarterly payments

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