Find what the face value of the bond is

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Problem 1: A coupon bond is purchased for $1037.69 with the maturity period of 10 years. The semi-annual coupon payment is $50. If the desired rate of return (yield rate) is j2 = 10% p.a., then the face value of the bond is:

A. $1000.00
B. $1097.76
C. $2583.94
D. $1100.00
E. $2691.50

Reference no: EM132937976

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