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The Elephant Corporation bonds have an 11% coupon rate. Interest is paid semi-annually. The bonds have a face value of $1,000 and will mature 8

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The Elephant Corporation bonds have an 11% coupon rate. Interest is paid semi-annually. The bonds have a face value of $1,000 and will mature 8 years from now. Compute the value of the bonds, if the required rate of return is 9.5%. Select one: a $1,197.27 b. $1,082.75 Cc. $1,098.99 d. $1,133.05

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