What the face value of the bond

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Question - A coupon bond is purchased for $1037.69 with the maturity period of 10 years. The semi-annual coupon payment is $50. If the desired rate of return (yield rate) is j2 = 10% p.a., then what the face value of the bond?

A. $1000.00

B. $1097.76

C. $2583.94

D. $1100.00

E. $2691.50

Reference no: EM133044244

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