?An investor just purchased a 10-year, $1,000 par value bond. The coupon rate on this bond is 8 percent annually, with interest being paid every 6 months. If the investor expects to earn a 10 percent simple rate of return on this bond, how much should she pay for it? (Round the answer to two decimal places.)
A. ?$1,122.87
B. ?$1,003.42
C. $875.38?
D. $950.75?
E. ?$812.15
Answer: C
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