Consider Fulton Manufacturing Companys 8 34 percent bonds that mature on April 15, 2026. Assume that the interest on these bonds is paid and compounded annually. Determine the value of a $1,000 denomination Fulton bond as of April 15, 2014, to an investor who holds the bond until maturity and whose required rate of return is: (b) 9 percent

What would be the value of the Fulton bonds at an 8 percent required rate of return if the interest were paid and compounded semiannually?