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What Is the Value of a 10% Semi-Annual Coupon Bond

Question 25

Multiple Choice

What is the value of a 10% semi-annual coupon bond with a par value of $1,000 that matures in 5 years and has a required rate of return of 9%?

A) $1,021.95
B) $1,038.90
C) $1,039.56
D) $1,064.18
E) $1,078.23

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