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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 2

You are considering buying bonds in ACBB, Inc. The bonds have a par value of $1,000 and mature in 25 years. The annual coupon rate is 8.0% and the coupon payments are annual. If you believe that the appropriate discount rate for the bonds is 16.0%, what is the value of the bonds to you?
Group of answer choices
$1990.62
$590.28
$1853.98
$512.23
$555.16

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