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A 10-year bond pays 8% annual interest (paid semiannually). If similar bonds are currently yielding 6%...

A 10-year bond pays 8% annual interest (paid semiannually). If similar bonds are currently yielding 6% annually, what is the market value of the bond?

A. $1,000.00 B. $1,147.20 C. $1,148.77 D. $1,080.00

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As nothing was mentioned excel is used. If you need with formula, let me know, will do that also. Thank you.

ANSWER : C : $1148.77

jeff jeffy answered 2 years ago
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