Question: need help with this Use the information to answer the following questions. Consider a $1,000 par value bond with a 8% annual coupon There are
Use the information to answer the following questions. Consider a $1,000 par value bond with a 8% annual coupon There are 9 years remaining until maturity. Assume that the required return on the bond is 6% and the market is in equilibrium. What is the price of the bonds? Select one: O a $769.64 O b. $1195.46 OC. $ 827.23 Od $1136.03 O e. $1272.07
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