Exhibit 11.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) A major retailer is reevaluating its bonds since it is planning to issue a new bond in the current market. The firm's outstanding bond issue has 8 years remaining until maturity. The bonds were issued with a 6.5 percent coupon rate (paid quarterly) and a par value of $1,000. The required rate of return is 4.25 percent. a. 2. Refer to Exhibit 11.1. What will be the value of these securities in one year if the required return is 7 percent? $970.14 b. $388.13 c. $1031.15 d. $1035.81 $972.52 e