A $10,000, 4.5% semi-annual coupon rate bond has 11 years until maturity. Calculate the price of the bond if the required return in the bond market is 5.2% compounded semiannually.

Answers:

a)$9,668.86

b)$13,153.01

c)$9,419.18

d)$11,021.60

e)$10,000