What is the value of a Northern Pacific bond with an 11 percent coupon, maturing in 15 years? Assume the market rate for this bond is 14 percent and that the interest is paid semiannually.
A) $1,000.00
B) $790.74
C) $813.50
D) $853.30

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The Answer of What is the value of a Northern Pacific bond with an 11 percent coupon, maturing in 15 years? Assume the market rate for this bond is 14 percent and that the interest is paid semiannually.
A) $1,000.00
B) $790.74
C) $813.50
D) $853.30

What Is the Value of a Northern Pacific Bond with an 11