A corporate bond with a face value of $200,000 was issued four years ago and there are eight years r

A corporate bond with a face value of $200,000 was issued four years ago and there are eight years remaining until maturity. The bond pays semi- annual coupon payments of $9,000, the coupon rate is 9% pa paid twice yearly and rates in the marketplace are 10% pa compounded semi- annually. What is the value of the bond today? a. $193,536.79 b.$196,454.05 c. $141,315.81 d. $189,162.23 e. $200,000.00

 

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