Question: Question 2 Based on the following information for a bond: Not yet answered Par value: $1,000 Marked out of Years to maturity: 15 years 2.00

Question 2 Based on the following information for a bond: Not yet answered Par value: $1,000 Marked out of Years to maturity: 15 years 2.00 Coupon rate: 8% paid semiannually Flag question Interest rate: 15% What is the expected price of the bond in 5 years? You believe that the interest rate then will remain at 15%. Select one: O a. $1,282.64 O b. $643.19 O c. $632.10 O d. $626.09 e. $974.01

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