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Within Year, Inc. has bonds outstanding with a $1,000 par value and a maturity of 27 years. The bonds have an annual coupon rate of

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Within Year, Inc. has bonds outstanding with a $1,000 par value and a maturity of 27 years. The bonds have an annual coupon rate of 20.0% with quarterly coupon payments. You would expect a quoted annual return of 10.0% if you purchased these bonds. What are the bonds worth to you? $502.57 $1,977.05 $1,930.530 $1,486.60 $7,513.68

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