Question: Bond C has a $1,000 face value and provides an 8% coupon rate for 15 years. The coupons are paid semi-annually. The discount rate is

Bond C has a $1,000 face value and provides an 8% coupon rate for 15 years. The coupons are paid semi-annually. The discount rate is 10% (annual rate). What is the value of the coupon bond?

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