Question: Please post step by step with no excel. answer has to be one of those answers. thanks . 9. You have decided to invest in

Please post step by step with no excel. answer has to be one of those answers. thanks Please post step by step with no excel. answer has to be

. 9. You have decided to invest in Bond X, an n-year bond with semi-annual coupons and the following characteristics: Par value is 1,000. The ratio of the semiannual coupon rate, r, to the desired semiannual yield rate, i, is 1.0294. The present value of the redemption value is 613.91. Given (1 + i)-n=0.6139, calculate the price of Bond X. 1172.38 b.1255.36 c. 1296.45 d. 1331.28 e. 1392.36 a

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