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Prestige Manufacturing Co . has a series of $ 1 , 0 0 0 par value bonds outstanding. Each bond pays interest semi - annually

Prestige Manufacturing Co. has a series of $1,000 par value bonds outstanding. Each bond pays interest semi-annually and carries a coupon rate of 8%. Some bonds are due in 4 years while others are due in 8 years. If the required rate of return on bonds is 12%, what is the current price of:A) the bonds with 4 years to maturity?B) the bonds with 8 years to maturity?

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