8. (4 points) K Bank is on a sales campaign for an attractive bond issue: It pays 10% coupons annually

on a $1,000 face value with a 3-year to maturity. On todays Wall Street Journal, if you find

that the bonds last price is quoted at $930 with a reasonable required return at 12%, you

should probably wait more to purchase the bond. (True / False) (explain your reasoning)