What is the value of a ten percent annual coupon

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Reference no: EM13915287

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: EM13915287

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