Assume Northeast Healthcare sold bonds that had a ten-year maturity, an 8 percent coupon rate with annual payments, and a $1,000 par value. Suppose that two years after the bonds were issued, the required interest rate fell to 6 percent. What would be the bonds value?

Group of answer choices

$1,298.56

$760.06

$1,124.20

None of the above

Question 9

Refer to Question 8. Suppose that two years after the bonds were issued, the required interest rate rose to 12 percent. What would be the bonds value?

Group of answer choices

$801.29

$760.06

$1,124.20

None of the above