Question: A 5-year bond has a sh1,000,000 par value bond, a 12% coupon and a yield to maturity of 8%. Interest is paid semi-annually. The bond's

A 5-year bond has a sh1,000,000 par value bond, a 12% coupon and a yield to maturity of 8%. Interest is paid semi-annually. The bond's price is:

Select one:

a. None of the above

b. sh1162,220

c. sh852,800

d. sh1081,780

e. sh864,650

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