Question: Question 16 A bond has a face value (some as its redemption value) of $20,000. The bond matures in 5 years, through which the bond-holder

Question 16 A bond has a face value (some as its redemption value) of $20,000. The bond matures in 5 years, through which the bond-holder receives a fixed return of $500 every six months. What should be the purchase price of this bond now I MARR = 9% per year compounded annually? onwered Marved out of 200 hog question O a $12,338 b. $14,943 c. $16,748 O d. $16,888 O e$16.955

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