Alice Kitchen's, Inc. bonds have a 10% coupon rate with semiannual coupon payments. They have

12 1/2 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) $1,084.44 C) $1,239.33 D) $1,137.10


A

Business

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