What is the value of bond

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An 11 1/2% bond matures in 11 years. Assuming the coupon is paid semiannually and the par value is $1,000, what is the value of this bond to an investor requiring a 10% rate of return?

Group of answer choices:

A) $1,098.72

B) $1,032.48

C) $1,032.91

D) $583.35

Reference no: EM132543470

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