A 12 coupon rate bond makes semi-annual interest rate, Financial Management

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A 12 coupon rate bond makes semi-annual interest rate

A 12% coupon rate bond makes semi-annual interest rate payments. Par value is $1,000. The bond matures in 10 years. The required rate of return is 8%. What is the current price. a. $1,000.00 b. $1,063.00 c. $1,125.00 d. $1,271.81 e. none of the above

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