What is the bond value on august

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Problem 1: On 4 February 2010 a company issued a bond with a face value of $200,000 that matures exactly 20 years later. The coupon rate is 6% p.a. compounded half-yearly. What is the bond's value on 4 August 2018 assuming the market yield is 3% p.a. compounded half-yearly.

a. $260,091.22

b. $257,992.58

c. $289,747.54

d. $255,862.47

e. $298,661.65

Reference no: EM132760062

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