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11. You buy a 12 - year bond today for $950.32. The bond has coupon rate of 5.82 percent and pays coupons semiannually. The face

11.

You buy a 12 - year bond today for $950.32. The bond has coupon rate of 5.82 percent and pays coupons semiannually. The face value of the bond is $1,000. Assuming market interest rates don't change during your investment period, how much can you sell the bond for seven years from today?

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$986.34

$974.68

$981.45

$966.59

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