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Question
Alice Kitchen's, Inc. bonds have a 10% coupon rate with semiannual coupon payments. They have
years to maturity and a par value of $1,000. Compute the value of Alice's bonds if investors' required rate of return is 8%.A) $1,156.22
B) $1,239.33
C) $1,137.10
D) $1,084.44
Answer
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