Alice Kitchen's, Inc. bonds have a 10% coupon rate with semiannual coupon payments. They have 12 and
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Question:
Alice Kitchen's, Inc. bonds have a 10% coupon rate with semiannual coupon payments. They have 12 and 1/2 years tof maturity and a par value of $1,000. Compute the value of Alice's bonds if investors required rate of return is 8%.
1. $1,156.22
2. $1,239.33
3. $1,137.10
4. $1,084.44
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