Required rate of return on the bond

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Reference no: EM13763218

What is the value of a 10 percent annual coupon, $1,000 par value bond with 20 years to maturity if the required rate of return on the bond is 12 percent?

A) $1,236.48

B) $925.42

C) $850.61

D) $798.79

E) $737.55

Reference no: EM13763218

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