What is the current price for bond

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Question: 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

Reference no: EM131441925

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