Based on semiannual compounding-what is the bonds price

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Reference no: EM13890339

Kordyk Corporation's bonds have a 15-year maturity, a 8.2% semiannual coupon, and a par value of $1,000. The going interest rate (YTM) is 8.0%, based on semiannual compounding. What is the bond’s price?

$674.74

$1,017.29

$977.90

$966.24

$1,034.58

Reference no: EM13890339

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