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need some help solving this step by step without excel thank you! What is the value of a 15 -year 10% coupon bond with a

image text in transcribed need some help solving this step by step without excel thank you!

What is the value of a 15 -year 10% coupon bond with a face value of $1,000. The required rate of return on the bond is 12% and the bond makes semiannual payments. Select one: A. $925.76 B. $1,167.39 C. $862.35 D. $1,000

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