What is the value of ten percent annual coupon

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Reference no: EM13880612

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?

$1,236.48 $925.42 $850.61 $798.79 $737.55

Reference no: EM13880612

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