Assume that two years after the HCA bonds $($ten$-$year maturity, a $15$ percent coupon rate with annual payments, and a $$1,000$ par value$)$ were issued, the required interest rate fell to $8\%.$ What would be the bonds value? Hint: Watch the Homework Hint video to figure out how to calculate this using Excel.

$$1,469\mathrm{.}71$

$$1,402\mathrm{.}26$

$$626\mathrm{.}47$

$$563\mathrm{.}84$