A $10,000, 4.5% semi-annual coupon rate bond has 11 years until maturity. Calculate the price of the bond if the required return in the bond market is 5.2% compounded semiannually.
Answers:
a)$9,668.86
b)$13,153.01
c)$9,419.18
d)$11,021.60
e)$10,000