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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.
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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