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Moonlight Over LaLa Land (MOLL) Co. bonds pay an annual coupon of 9.5%. They have 8 years to maturity and a face value of $1,000.

Moonlight Over LaLa Land (MOLL) Co. bonds pay an annual coupon of 9.5%. They have 8 years to maturity and a face value of $1,000. Compute the value of MOLL's bonds if investors' required rate of return is 10%.

		a. $1,516.18
		b. $1,027.17
		c. $973.33
		d. $950.00

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