Question: Problem #8: Consider a 39-year bond with face and redemption value $12377, a nominal annual coupon rate of 3% [3 marks] compounded semiannually, and a

Problem #8: Consider a 39-year bond with face and redemption value

Problem #8: Consider a 39-year bond with face and redemption value $12377, a nominal annual coupon rate of 3% [3 marks] compounded semiannually, and a nominal annual yield of 1% compounded semiannually. Determine the book value after 18 years. (A) 17078.49 (B) 17032.11 (C) 17101.68 (D) 17055.30 (E) 17008.92 Problem #8: Select v Save

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