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3 Question 17 (0.15 points) Cary's Carry-all Company bonds have an 5% coupon rate. Interest is paid semi- annually. The bonds have a par value
3 Question 17 (0.15 points) Cary's Carry-all Company bonds have an 5% coupon rate. Interest is paid semi- annually. The bonds have a par value of $1,000 and will mature 8 years from now. Compute the value of these bonds if investors' required rate of return is 4%. (Round your answer to the nearest dollar) A) $1,125 7 B) $1067 OC) $921 OD) $1,271
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