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17. An investor purchased a 25 year bond with semi-annual coupons, redeemable at for a price of 10,000. The annual effective yield rate is 7.05%,
17. An investor purchased a 25 year bond with semi-annual coupons, redeemable at for a price of 10,000. The annual effective yield rate is 7.05%, and the annual coupon rate is 7%. Calculate the redemption value of the bond. (A) 9,918 (B) 9,942 (C) 9,981 (D) 10,059 (E) 10,083
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