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AT&T issued a 20-year bond on January 1, 2007 with a coupon rate of 4% and a face value of $1.000 tis now January 1,

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AT&T issued a 20-year bond on January 1, 2007 with a coupon rate of 4% and a face value of $1.000 tis now January 1, 2020 and the bond matures on January 1, 2027 What is the value of one AT&T bond to an investor with required return of 8%? A $658 B. $748 C. $700 D. $792

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