Question: 17. Quincy Enterprises issued a bond having a par value of $1,000, a 5 year life and a 10.6% coupon rate. If interest is paid

17. Quincy Enterprises issued a bond having a par value of $1,000, a 5 year life and a 10.6% coupon rate. If interest is paid semiannually and the discount rate is 10% rate of return, what is the current value of the bond? a. $878.90 c. $1,023.17 b. $912.55 d. $1,123.54

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