Calculate the value of a non-callable fifteen-year bond

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Problem 1: Calculate the value of a non-callable 15-year bond with a face value of $1,000 and a coupon rate of 8% compounded semi-annually if you expect 8% yield on the bond.

Group of answer choices

Option 1: $1,588

Option 2: $2,081

Option 3: $1,000

Option 4: $1,224

Option 5: $1,260

Reference no: EM132809609

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