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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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