Question: Complex Systems has an outstanding issue of $ 1 , 0 0 0 - par value bonds with a 1 2 % coupon interest rate.

Complex Systems has an outstanding issue of $1,000-par value bonds with a 12% coupon interest rate. The issue pays interest annually and has 11 years remaining to its maturity date.
a) If bonds of similar risk are currently earning a rate of return of 8% how much should the Complex Systems bond sell for today?

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