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Question 11 (1 point) New Southern Inc. issued 20-year bonds 5 years ago (from today) with 6% coupon rate. The bond makes semiannual payments and

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Question 11 (1 point) New Southern Inc. issued 20-year bonds 5 years ago (from today) with 6% coupon rate. The bond makes semiannual payments and has a par value of $1,000. Since the issuing date the market interest rate has increased to 8%. What is the PV of the bond today? O $ 1,112.00 O$ 827.08 $1,196.00 $1.000 None of the answers is correct

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