A corporate bond with a face value of $100,000 was issued six
years ago and there are four years remaining until maturity. The
bond pays semi-annual coupon payments of $4500, the coupon rate is
9% pa paid twice yearly and rates in the marketplace are 9.4% pa
compounded semi-annually. What is the value of the bond today? a.
$98,975.05 b. $98,196.97 c. $100,000.00 d. $98,691.54 e.
$84,263.76