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3 . Leftover Salmon (LoS) Co. bonds pay an annual coupon of 9.5%. They have 8 years to maturity and a face value of $1,000.

3. Leftover Salmon (LoS) Co. bonds pay an annual coupon of 9.5%. They have 8 years to maturity

and a face value of $1,000. Compute the value of LoS' bonds if investors' required rate of return is 10%.

a. $1,516.18 b. $1,027.17 c. $973.33 d. $950.00

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