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You are considering buying bonds in ACBB, Inc. The bonds have a par value of $1,000 and mature in 26 years. The annual coupon rate

You are considering buying bonds in ACBB, Inc. The bonds have a par value of $1,000 and mature in 26 years. The annual coupon rate is 12.0% and the coupon payments are annual. If you believe that the appropriate discount rate for the bonds is 10.0%, what is the value of the bonds to you?

$936.83

$1293.15

$842.09

$1183.22

$1243.68

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