Assumes Venture Healthcare sold bonds that have a ten-year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value. What would be the bonds value?

Choice: $750

Choice: $1,000

Choice: $1,500

Choice: $2,000

Assume that two years after the Venture Healthcare bonds (ten-year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value) were issued, the required interest rate fell to 7%. What would be the bonds value?

Choice: $750.98

Choice: $1,000.00

Choice: $1,298.56

Choice: $1,457.30

Assume that two years after the Venture Healthcare bonds (ten-year maturity, a 12 percent coupon rate with annual payments, and a $1,000 par value) were issued, the required interest rate fell to 13%. What would be the bonds value?

Choice: $887.24

Choice: $952.01

Choice: $1,000.00

Choice: $1,357.40