Question: Question 2 1 pts Pinder Co issues a 30-year 8% p.a. semi-annual coupon bond with a face value of $1,000. 5 years after issue, the

 Question 2 1 pts Pinder Co issues a 30-year 8% p.a.

Question 2 1 pts Pinder Co issues a 30-year 8% p.a. semi-annual coupon bond with a face value of $1,000. 5 years after issue, the effective annual bond yield is 12%. What is the bond price 5 years after issue? (Round to the nearest two digits) O $711.81 $715.37 None of the other answers are correct. O $702.72 O $704.56

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