Calculate the value of a non-callable 15-year bond with a face value of $1,000 and a coupon rate of 8% compounded semi-annually if you expect 8% yield on the bond

Accounting Dec 13, 2020

Calculate the value of a non-callable 15-year bond with a face value of $1,000 and a coupon rate of 8% compounded semi-annually if you expect 8% yield on the bond.

Group of answer choices

$1,588

$2,081

$1,000

$1,224

$1,260

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