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Canadian Pacific Inc. issued an 8 percent bonds that mature on April 15, 2026 Assume that the interest on these bonds is paid and compounded

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Canadian Pacific Inc. issued an 8 percent bonds that mature on April 15, 2026 Assume that the interest on these bonds is paid and compounded annually. Determine the value of $1,000 denomination Canadian Pacific bonds as of April 2014, to an investor who holds the bonds until maturity and whose required rate of return is a. 7 percent b. 9 percent c. 11 percent

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