Question: I need help with this Question 3 (10 points) Ten years ago, I purchased a bond for $1,250. This bond has a 25-year maturity, a

I need help with this

Question 3 (10 points) Ten years ago, I purchased a bond for $1,250. This bond has a 25-year maturity, a $1,000 par value, a 12% coupon rate, and semiannual interest payments. I will receive the face value in a lump sum when the bond matures. The yield of maturity of the bond is given as 6% compounded semiannually. Using the information above, determine the current market value of the bond. 0 a) Between $1,359 and $1,427 0 b) Between $1,556 and $1,619 O c) Between $1,759 and $1,827 0 d) Between $1,659 and $1,727 O e) None of the answers is correct

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