If the current market rate is 12 what would be the current

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Reference no: EM13570146

A corporate bond bearing a 10% coupon rate will mature in 10 years. If the current market rate is 12%, what would be the current value of the bond (assume semiannual interest payments)?

a) $604.50
b) $1,135.50
c) $915.50
d) $885.50

Reference no: EM13570146

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