Find and estimate what is the present value of the bond

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Problem 1: A 15-year U.S. Treasury bond with a face value of $10,000 pays a coupon of 5.50%. The semiannually compounded interest rate is 5.2%. What is the present value of the bond?

Option 1: $10,309.81
Option 2: $10,593.11
Option 3: $10,744.34
Option 4: $11,954.94

Reference no: EM132763667

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