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3. Assume that four years after the Venture Healthcare bonds (ten-year maturity, an 11 percent coupon rate with annual payments, and a $1,000 par value)

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3. Assume that four years after the Venture Healthcare bonds (ten-year maturity, an 11 percent coupon rate with annual payments, and a $1,000 par value) were issued, the required interest rate rose to 15%. What would be the bonds value? Hint: Watch the Homework Hint video to figure out how to calculate this using Excel. Choice: $848.62 Choice: $952.01 Choice: $1,000.00 Choice: $1,357.40

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