Question: Girardi Relocation Services issued a $1,000 par value bond with a 8.3% coupon rate. The interest is paid annually, and the bond matures in three

  1. Girardi Relocation Services issued a $1,000 par value bond with a 8.3% coupon rate. The interest is paid annually, and the bond matures in three years.
    1. If you require a 5.5% return on this bond, what is it worth to you today?
    2. If you require a 8.0% return on this bond, what is it worth to you today?

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