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You are considering buying bonds in ACBB, Inc. The bonds have a par value of $ 1 , 0 0 0 and mature in 3

You are considering buying bonds in ACBB, Inc. The bonds have a par value of $1,000 and mature in 35 years. The annual coupon rate is 20.0% and the coupon payments are annual. If you believe that the appropriate discount rate for the bonds is 8.0%, what is the value of the bonds to you?
$2585.02
$2398.55
$401.02
$480.88
$2501.11

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