Compute the value of bonds

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Reference no: EM1355666

Terminator Bug Company bonds have a 14% coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 10 years from now. Compute the value of Terminator bonds if investors' required rate of return is 12%.
a. $1,114.70
b. $1,149.39
c. $894.06
d. $1,000.00

Reference no: EM1355666

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