WeOweEveryone,Inc.has a 12-year bond outstanding that has 9.5% coupon rate.If the appropriate discount rate for such a bond is 7%,what the appropriate price for the SEMIANNUAL coupon paying bond?
A) $1,200.73
B) $1,198.57
C) $1,000.00
D) $762.77
Correct Answer:
Verified
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