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You are considering buying bonds in ACBB, Inc. The bonds have a par value of $1,000 and mature in 23 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 23 years. The annual coupon rate is 13.0% with quarterly coupon payments. You would expect a quoted annual return of 11.0% if you purchased these bonds. What is the value of the bonds to you? Group of answer choices $1084.40 $1196.65 $854.27 $1166.83 $4420.04
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