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Samuel, Inc. bonds have a 4% coupon rate with annual coupon payments. They have 10 years to maturity and a par value of $1,000. Compute
Samuel, Inc. bonds have a 4% coupon rate with annual coupon payments. They have 10 years to maturity and a par value of $1,000. Compute the value of Samuel's bonds if investors' required rate of return is 7%.
$789.29
$845.57
$1,127.49
$973.54
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