Question: solve with explanation. Smith purchased a 15 year 6%, face value 1000 bond with semiannual coupons and yield rate 8%. What is the book value

solve with explanation.

Smith purchased a 15 year 6%, face value 1000 bond with semiannual coupons and yield rate 8%. What is the book value 5 years after issue? 837.78 864.10 865.80 828.81

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