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Suppose the Xanth Co. were to issue a bond. The bond has a 10 percent coupon rate and a $800 face value. Interest is paid

Suppose the Xanth Co. were to issue a bond. The bond has a 10 percent coupon rate and a $800 face value. Interest is paid semiannually, and the bond has 10 years to maturity. If investors require a 12 percent yield, what is the bonds value? Please keep one decimal places.

Group of answer choices

822.94

885.36

920.47

1458.8

Above answers are all not correct.

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