Question: Rascal Corporation bonds have a 1 1 . 0 % coupon and a maturity value of $ 1 , 0 0 0 . The bonds,

Rascal Corporation bonds have a 11.0% coupon and a maturity value of $1,000. The bonds, which pay interest semi-annually, had a maturity of 15 years. If you require a pre-tax return of 8.0% on bonds with this risk, how much would you pay for one of these bonds after 4 years?

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