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A corporate bond with a face value of $200,000 was issued four years ago and there are six years remaining until maturity. The bond pays
A corporate bond with a face value of $200,000 was issued four years ago and there are six 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?
Group of answer choices
$196,454.05
$191,136.75
$152,092.13
$193,536.79
$200,000.00
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